Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $6 year. Other Information about this proposed project follows: Initial investment Useful life Salvage value $337,520 6 years $ 56,000 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.) 2. Calculate the payback period for Bartlett. (Round your answer to 2 decimal places.) 1. Accounting Rate of Retur 2. Payback Period VRAT Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $6 year. Other Information about this proposed project follows: Initial investment Useful life Salvage value $337,520 6 years $ 56,000 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.) 2. Calculate the payback period for Bartlett. (Round your answer to 2 decimal places.) 1. Accounting Rate of Retur 2. Payback Period VRAT