E$11-2($Algo$)$ Calculating Accounting Rate of Return, Payback Period $[$LO $11-1,11-2]$

Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $$83,184$

per year. Other information about this proposed project follows:

Assume straight line depreciation method is used.

Required:

Calculate the accounting rate of return for Bartlett.

Note: Round your percentage answer to $2$ decimal places.

Calculate the payback period for Bartlett.

Note: Round your answer to $2$ decimal places.