Check my work 3 M11-5 (Algo) Calculating Accounting Rate of Return, Payback Period [LO 11-1, 11-2) 1.5 points Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $251.000 and have a $50,200 salvage value in five years. The annual net income from the equipment is expected to be $30,120, and depreciation is $40,160 per year. eBook 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.) Print References Accounting Rate of Return Payback Period Years