Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $97,709 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $478,965 9 years $ 57,000 ok Assume straight line depreciation method is used. ences Required: 1. Calculate the accounting rate of return for Bartlett. (Round your percentage answer to 2 decimal places.) 2. Calculate the payback period for Bartlett (Round your answer to 2 decimal places.) 1. Accounting Rate of Return 2 Payback Period years