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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 $69,967 per year.

Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $69,967 per year. information about this proposed project follows:


Initial investment	$	325,430
Useful life		6	years
Salvage value	$	44,000
Calculate: 1. Accounting rate of return 2. Payback period

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