M11-4 Calculating Accounting Rate of Return, Payback Period ILO 11-1, 11-2] Blue Marin Company is...
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M11-4 Calculating Accounting Rate of Return, Payback Period ILO 11-1, 11-2] Blue Marin Company is considering the purchase of new equipment for its factory Iit wil cost $240,000 and have a $48 000 salvage value in five years. The annual net income trom the equpment s expected to be $28,800, and depreciation is $38,400 per year Calculate Blue Marlin's annual rate of return and payback period for the equ upment (Do not round intermediate calculations. Round your Payback Period to 2 decimal places.) ot Ret Payback Period ILO 11-1, 11-2
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