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Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $95,538 per year.

Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $95,538 per year. Other information about this proposed project follows: Initial investment $ 468,325 Useful life 9 years Salvage value $ 46,000 Assume straight line depreciation method is used.

Calculate the accounting rate of return for Bartlett. Note: Round your percentage answer to 2 decimal places.

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

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