M11.5 (Algo) Colculating Accounting Rate of Return, Paybock Period [LO 11-1, 11-2] Blue Marlin Company is considering the purchase of new equament fot its factory it wit cost $245,000 and have a $49,000 salvage value in five years. The annual net income from the equipment is expected to be $29.400, and depreciation is $39.200 per year Required: Calculate Blue Marlin's accounsing rate of tetuin and payback pesiod for the equipment Note: Do not round intermediate calculations, Round your Paybock Period to 2 decimol ploces