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 $336,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 134,400 units of the equipment's product each year. The expected annual income related to this equipment follows Sales Costs $ 210,000 Materials, labor, and overhead (except depreciation on new equipment) 112,000 28,000 21,000 161,000 49,000 24,500 $ 24,500 Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (50%) 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 Choose Denominator:Payback Period Cost of investment Annual net cash flow Payback period 0 Required1 Required 2 Complete this question by entering your answers in the tabs below. Required 1Required 2 Compute the accounting rate of return for this equipment. Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return Annual average investment Accounting rate of return Annual after-tax net income 0