M11-4 Calculating Accounting Rate of Return, Payback Period [LO 11-1, 11-2] Blue Marlin Company is...
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M11-4 Calculating Accounting Rate of Return, Payback Period [LO 11-1, 11-2]
Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $245,000 and have a $49,000 salvage value in five years. The annual net income from the equipment is expected to be $26,950, and depreciation is $39,200 per year. Calculate Blue Marlins annual rate of return and payback period for the equipment. (Do not round intermediate calculations. Round your Payback Period to 2 decimal places.)
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