Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $260,000 and have a $52,000 salvage value in five years. The annual net income from the equipment is expected to be $31,200, and depreciation is $41,600 per year. Calculate Blue Marlin's accounting rate of return and payback period for the equipment (Do not round intermediate calculations. Round your Payback Period to 2 decimal places.) % Accounting Rate of Return Payback Period Years