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 Depreciation Equipment 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 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the annual net cash flow. Income Cash Flow $ 180,000 $ 180,000 Annual Results from Investment Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Equipment Selling general, and administrative expenses Income 96.000 24,000 18.000 42.000 96.000 (24,000) 18,000 s $ 90,000 Net cash flow Required B > Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the payback period. Payback Period Denominator: Numerator: 20 Initial investment Annual net cash flow $ 66,000 OS Payback period 2.73 years 180,000 X/ = S Answer is complete but not entirely correct. 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 Accounting Rate of Return Numerator: Denominator Annual income 7 Average investment s 42,000 1 $ 9,000 Accounting rate of return 466.67 %