Ch 11 HW Part 1 5 Saved 0.8 points Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $254,000 and have a $50,800 salva value in five years. The annual net income from the equipment is expected to be $27,940, and depreciation is $40,640 per year. Required: Calculate Blue Marlin's accounting rate of return and payback period for the equipment. Note: Do not round intermediate calculations. Round your Payback Period to 2 decimal places. Accounting Rate of Return eBook Payback Period Print References % Years