Dalk Perlod [LO 11-1, 11-2] Barlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $53,000 per year. Other information about this proposed project follows: Initial investment Useful Life Salvage value 5510,000 8 years $ 50,000 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 Sortiet (Round your answer to 2 decimal places.) 1 Accounting Rate of Reum 2. Payback period