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compute the payback period, please help with part 1 and 2 $285,000 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on

image text in transcribedcompute the payback period, please help with part 1 and 2image text in transcribed

$285,000 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (20%) Net income 152,000 38,000 28,500 218,500 66,500 13,300 $ 53,200 1. Compute the payback period. 2. Compute the accounting rate of return for this equipment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the accounting rate of return for this equipment. Accounting Rate of Return Choose Denominator: Choose Numerator: = 1 1 Accounting Rate of Return Accounting rate of return

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