Harwell Printing Company is considering the purchase of new electronic printing equipment. It would allow Harwell to increase its net income by $32,400 per year, Other information about this proposed project follows: Inital investment Usefal Iife Salvaque value 5180,0003yeare$90,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Harwoll. Note: Round your percentage answer to 1 decimal place. 2. Calculate the payback period for Harwell. Note: Round your answer to 2 decimal places