BEE: Company is considering the purchase of equipmentthat would allow the company to add a new.r product to its line. The equipment costs $312,000 and has a 12year life and no salvage value. The expected annual income for each year from this equipment follows. Sales of new product $ 195,666 Expenses Materials, labor, and overhead (except depreciation) 164,666 DepreciationEquipment 26,666 Selling, general, and administrative expenses 19,599 Income $ 45,566 (0} Compute the annual net cash flow. ib} Compute the payback period. (1:) Compute the accounting rate of return for this equipment