Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $53.000 per year. Other information about this proposed project follows: 5510,000 Initial investment Useful life Salvage valor years $ 50,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Bartlett (Round your percentage answer to 2 decimal places.) Accounting Role of Retan 2. Calculate the payback period for Bartlett (Round your answer to 2 decimal places.) Payback Period years