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Bartlett Car Wash Company considering the purchase of a new facilityIt would allow Bartlett to increase its net income by $ 8 1 , 3

Bartlett Car Wash Company considering the purchase of a new facilityIt would allow Bartlett to increase its net income by $81,368 per year Other information about this proposed project follows: Initial investment Useful Salvage value 383,810 years 56,000 Assume straight line depreciation method is used Required: 1. Calculate the accounting rate of return for Bartlett Note: Round your percentage answer to 2 decimal places 2. Calculate the payback period for Bartlett Note: Round your answer to 2 decimal places. 1.Accounting Rate of Return 2 Payback Periodyears

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