xyz Company is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net income of $3,000. The equipment will have an initial cost of $10,000 and have a 5-year life. There is no salvage value of the equipment What is the accounting rate of return? 20% 509 0 30% 10% QUESTION 33 Refer to Question 32 (XYZ Company). What is the payback period? 0 2 years O 3.33 years O 5 years 0 10 years