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Lakeside iens, s considering replacing old production equigment wth state of the at tecthnology thast...

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Lakeside iens, s considering replacing old production equigment wth state of the at tecthnology thast will llow production oost savings df $ 10,000 per month. The new equpment will have a five-year life and st $390,000, with an estimated salvage value of $40,000. Lakeside's oost of capital is 10% Required: Calculate the payback period and the accounting rate of return for the new praduction equipment. (Round your answers to 2 decimal places ) Payback period 3.25 yearS Accounting rate of return

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