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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 $98,558 per year.

image text in transcribed Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $98,558 per year. Other information about this proposed project follows: 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

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