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Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow...

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Accounting

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Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $102,939 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $478.785 9 years $ 57,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Bartlett. (Round your percentage answer to 2 decimal places.) Answer is complete and correct. Accounting Rate of 21,50 % Return 2. Calculate the payback period for Bartlett. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Payback Period 4.66 years

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