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M11-5 (Algo) Calculating Accounting Rate of Return, Payback Perlod [LO 11-1, 11-2] Blue Marlin Company is considering the purchase of new equipment for its factory, it will cost $242.000 and have a $48.400 salvage value in five years. The annual net income from the equipment is expected to be $26.620. and depreciation is $38,720 per year. Calculate Blue Marin's accounting rate of return and payback period for the equipment (Do not round Intermediate calculations, Round your Payback period to 2 decimal places.) 56 Accounting Rate of Return Payback Penod Years