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 $384,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 153,600 units of the equipment's product each year. The expected annual income related to this equipment follows. $ 240,000 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (40%) Net income 128,000 32.000 24,000 184,000 56,000 22,400 $ 33,600 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 Complete this question by entering your answers in Required 1 Required 2 Compute the payback period. Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the accounting rate of return for this equipment. ***** Accounting Rate of Return Choose Denominator: Choose Numerator: Accounting Rate of Return Accounting rate of return