Help me to compute the payback period

and the accounting rate of return for this equipment.

Check 6 B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $384,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 153,600 units of the equipment's product each year. The expected annual income related to this equipment follows. its Sales $ 240, 000 Costs Materials, labor, and overhead (except depreciation on new equipment) 128, 000 Depreciation on new equipment 32, 000 eBook Selling and administrative expenses 24, 000 Total costs and expenses 184, 000 Pretax income 56, 000 Income taxes (20%) 11, 200 Hint Net income $ 44,800 Print 1. Compute the payback period. 2. Compute the accounting rate of return for this equipment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the accounting rate of return for this equipment. Accounting Rate of Return Choose Numerator: Choose Denominator: = Accounting Rate of Return Annual after-tax net income Annual average investment = Accounting rate of return $ 44,800 $ 192,000 23.33 % Required 1 Required 2 >