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 $144,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 57,600 units of the equipment's product each year. The expected annual income related to this equipment follows Sales Costs $ 90,000 48,000 12,000 9,000 69,000 21,000 4,200 $ 16,800 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 (20%) Net income 1. Compute the payback period. 2. Compute the accounting rate of return for this equipment. Required1 Required 2 Compute the payback period Payback Period Choose Numerator: Choose Denominator: Payback Period -Payback period 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