Harwell Printing Co. is considering the purchase of new electronic printing equipment. It would allow Harwell to increase its net Income by $61,288 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $326,000 6 years $ 98,000 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 Retum Payback Period % years Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Various Information about the proposed investment follows: (Future Value of $1. Present Value of $1. Future Value Annulty of S1. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided.) Initial investment (for tvo hot air balloons) Vaeful life Salvage value Annual net income generated 33' cost of capital $ 338,000 8 years $ 58,000 31, 434 89 Assume straight line depreciation method is used. Required: Help Bes evaluate this project by calculating each of the following: 1. Accounting rate of return. (Round your answer to 2 decimal places.) 2. Payback period (Round your answer to 2 decimal places.) 3. Net present value (NPV). (Do not round Intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar) 4. Recalculate the NPV assuming B85's cost of capital is 11 percent (Do not round Intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) % 1. Accounting rate of retum 2. Payback period 3. Net present value 4. Net present value assuming 11% cost of capital years Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net Income by $72,617 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $336,190 6 years $ 55,000 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.) % 1. Accounting Rate of Return 2. Payback Period years