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 $240,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 96,000 units of the equipment's product each year. The expected annual income related to this equipment follows. Sales Costs $ 150,000 Materials, labor, and overhead (except depreciation on new equipment) 80,000 20,000 15,000 115,000 35,000 10,500 $ 24,500 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 1 Required 2 Compute the payback period Payback Period Choose Numerator: | 1 | Choose Denominator: = | Payback Period Payback period