QUESTION 2 Calculate the accounting rate of return of a piece of equipment, given the following information: Equipment cost $2,500,000 Salvage value-10% of the cost Total net income over 5 years $1,000,000 a. 8.9% b. 6.6% C. 14.5% d.8.0 % Oc. QUESTION 3 Using the same information given in question #2, what is the payback period if the annual net cash flows are $623,597? a 4.009 years .3.129 years C. 2.886 years d. 4.657 years Ob