B2B Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment costs $288,000 and has a 12-year life and no salvage value. The expected annual income for each year from this equipment follows. Sales of new product $ 180,000 Expenses Materials, labor, and overhead (except depreciation) 96,000 DepreciationEquipment 24,000 Selling, general, and administrative expenses 18,000 Income $ 42,000 (a) Compute the annual net cash flow. (b) Compute the payback period. (c) Compute the accounting rate of return for this equipment.