Chapter 11 question 6I'm confused by this it's asking me step by step ?

Help Save & Exit Subn Check my work B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $264,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 105,600 units of the equipment's product each year. The expected annual income related to this equipment follows. Sales $ 165,000 Costs Materials, labor, and overhead (except depreciation on new equipment) 88,090 Depreciation on new equipment 22, 000 ok Selling and administrative expenses 16, 500 Total costs and expenses 126,500 Pretax income 38,500 Income taxes (50%) 19, 250 Net income $ 19, 250 1. Compute the payback period. 2. Compute the accounting rate of return for this equipment. Complete this question by entering your answers in the tabs below