B2B Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment costs $384,000 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 $ 240,000 Expensen Materials, labor, and overhead (except depreciation) 128,000 Depreciation-Equipment 32,000 Selling, general, and administrative expenses 24,000 Income $ 56,000 (a) Compute the annual net cash flow. (b) Compute the payback period. (c) Compute the accounting rate of return for this equipment Complete this question by entering your answers in the tabs below. Required a Required B Required Cash Flow Income 240,000 $ Compute the annual net cash flow. Annual Results from Investment Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Equipment Seling, general, and administrative expenses 128,000 32,000 24,000 56.000 $ Income Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the payback period. Payback Period Numerator: Denominator: Initial investment 1 Annual net cash flow $ 384,000 / = Payback period 11 0 (c) Compute the accounting rate of return for this equipment. Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the accounting rate of return for this equipment. Numerator: 1 Accounting Rate of Return Denominator: Average investment Annual income 1 Il Accounting rate of return 0