Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow...
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Accounting
Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $79,044 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $380,020 7 years $ 52,000 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.) 2. Calculate the payback period for Bartlett. (Round your answer to 2 decimal places.) % 1. Accounting Rate of Retur 2. Payback Period years
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