Please help compute

Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to Its computer furniture line. The equipment is expected to cost $205,000 and to have a five-year life and no salvage value. It will be depreciated on a straight-line basis. Business Solutions expects to sell 100 units of the equipment's product each year. The expected annual Income related to this equipment follows. Sales $ 376,080 Costs Materials, labor, and overhead (except depreciation) 198,080 Depreciation on new equipment 41, 080 Selling and administrative expenses 32,080 Total costs and expenses 271, 080 Pretax income 105, 080 Income taxes (35%) 36,750 Net income $ 68,250 Required: (1) Compute the payback period. Payback Period Choose Numerator: 1 Choose Denominator: = Payback Period 1 Payback period (2) Compute the accounting rate of return for this equipment. Accounting Rate of Return Choose Numerator: Choose Denominator: = Accounting Rate of Return Accounting rate of return