Blue Marlin Company is considering the purchase of new equipment $28,380, and depreciation is $41,280 per year. 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 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