Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $101,912 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value 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. $ 474,010 9 years $ 52,000 2. Calculate the payback period for Bartlett. Note: Round your answer to 2 decimal places. 1. Accounting Rate of Return 2. Payback Period % years 4

Bartlett Car Wash Company is considering the purchase of a new facility. It would aliow Bartlett to increase its net income by $101,912 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 Bartiett. Note: Round your percentage answer to 2 decimol places. 2. Caiculate the payback period for Bartlett. Note: Round your answer to 2 decimal places