Saved Harwell Printing Company is considering the purchase of new electronic printing equipment. It would allow Harwell to increase its net income by $38.915 per year. Other information about this proposed project follows Initial Investeent Useful life Salvage value $ 215,000 4 years $91,000 Assume straight line depreciation method is used Required: 1. Calculate the accounting rate of return for Harwell Note: Round your percentage answer to 1 decimal place. 2. Calculate the payback period for Harwell. Note: Round your answer to 2 decimal places. 1 Accounting Rate of Return 2 Payback Period % years Help ces Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $95.371 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $ 462,965 9 years $ 41,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Bartlett Note: Round your percentage answer to 2 decimal places. 2. Calculate the payback period for Bartlett. Note: Round your answer to 2 decimal places. 1. Accounting Rate of Return 2. Payback Period % years