Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question E11-2 (Algo) Calculating Accounting Rate of Return, Payback period [LO 11-1, 11-2) Bartlett Car Wash Co is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $89.829 per year Other information about this proposed project follows: $42), 720 Initial investment Useful life Salvage value 8 years $ 49,000 Assume straight line depreciation method is used Required: 1. Calculate the accounting rate of return for Bartlett (Round your percentage answer to 2 decimal places.) 2. Calculate the payback period for Bartlett (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. 1 Accounting Rate of Return 42 40 % Prey 1 of 4 !!! Next >