B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $360,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 144,000 units of the equipment's product each year. The expected annual income related to this equipment follows 225,000 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) 120,000 30,000 22,500 172,500 52,500 15, 750 $ 36,750 Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (30%) Net income 1. Compute the payback period 2. Compute the accounting rate of return for this equipment. Complete this question by entering your answers in the tabs below Required 1Required 2 Compute the payback period Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period 0 Required 1Required 2 Compute the accounting rate of return for this equipment. Accounting Rate of Return Choose Numerator: Choose Denominator Accounting Rate of Return -Accounting rate of return