Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $70,737 per year. Other information about this proposed project follows:

Initial investment	$	329,010
Useful life		6	years
Salvage value	$	48,000

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.)