Harwell Printing Co. is considering the purchase of new electronic printing equipment. It would allow Harwell to increase its net Income by $45.864 per year. Other Information about this proposed project follows: Initial investment Useful life Salvage value $252,800 5 years $ 92,800 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Harwell. (Round your percentage answer to 1 decimal place.) 2. Calculate the payback period for Harwell. (Round your answer to 2 decimal places.) % 1 Accounting Rate of Return 2. Payback Penod years