Harwell Printing Co is considering the purchase of new electronic printing equipment, it would allow Harwell to increase its net income by $50,615 per year Other information about this proposed project follows Initial Investment Useful life Salvage value $265.000 4 years $191,000 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.) Answer is complete but not entirely correct. t Accounting Rate of Retur Payback Period 27.73% 2 89 years 2 Noy >