Your company is planning to purchase a new log splitter for itu lawn and garden bulness. The new splitter has an initial investment of $192,000. It is expected to generate $30,000 of annual cash flows, provide incremental cash revenues of 5124,335, and incur incremental cash expenses of $70,000 annually What is the payback period and accounting rate of return (ARRY? Round your answers to 1 decimal place Payback period years ARR