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. $ 210,000 K 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 112,000 28,000 21,000 161,000 49,000 19,600 29,400 $ nt 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 Denominator: Choose Numerator: 1 Payback Period Payback period Requited Required 2 > 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. $ 219,000 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 112,080 28,000 21,000 161,000 49,000 19,600 29,400 $ 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 ? 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