B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its Ine. The equipment is expected to cost $288,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 115,200 units of the equipment's product each year. The expected annual income related to this equipment follows Sales Costs Materials, labor, and overhead (except depreciation on new equipoent) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (404) Net income $ 180,000 96,000 24,000 18,000 138,000 42,888 16,800 $ 25,200 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 1 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 Numerator: Choose Denominator: Accounting Rate of Return Accounting rate of retum