Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $98,636 per year. Other information about this proposed project follows: Initial investment $ 469,695 Useful life 9 years Salvage value $ 48,000 Assume straight line depreciation method is used.

Calculate the accounting rate of return for Bartlett. Note: Round your percentage answer to 2 decimal places. (38.11% is wrong)

Calculate the payback period for Bartlett. Note: Round your answer to 2 decimal places.