Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $258,000 and have a $51,600 salvage value in five years. The annual net income from the equipment is expected to be $30,960, and depreciation is $41,280 per year. Calculate Blue Marlin's annual rate of return and payback period for the equipment. (Do not round intermediate calculations. Round your Payback Period to 2 decimal places.) Annual Rate of Return % Payback Period Years