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Bartlett Car Wash Co . is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $ 8

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Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $86,888 per
year. Other information about this proposed project follows:
Assume straight line depreciation method is used.
Required:
Calculate the accounting rate of return for Bartlett. (Round your percentage answer to 2 decimal places.)
Calculate the payback period for Bartlett. (Round your answer to 2 decimal places.)
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