M11-5 (Algo) Calculating Accounting Rate of Return, Payback Period (LO 11-1, 11-2) Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $255,000 and have a $51,000 salvage value in five years. The annual net income from the equipment is expected to be $30,600, and depreciation is $40,800 per year. Calculate Blue Marlin's accounting rate of return and payback period for the equipment (Do not round Intermediate calculations. Round your Payback period to 2 decimal places.) int Accounting Rate of Retum Payback Period Years