Chapter 24 Homework i LO 5 points 1 Saved Help Save & Exit Submit Check my work B2B Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment costs $384,000 and has a 12-year life and no salvage value. The expected annual income for each year from this equipment follows. Sales of new product Expenses eBook Hint Print Materials, labor, and overhead (except depreciation) Depreciation-Equipment Selling, general, and administrative expenses Income (a) Compute the annual net cash flow. (b) Compute the payback period. (c) Compute the accounting rate of return for this equipment. Complete this question by entering your answers in the tabs below. References Required A Required B Required C Compute the accounting rate of return for this equipment. Numerator: Accounting Rate of Return Denominator: $ 240,000 128,000 32,000 24,000 $ 56,000 = Accounting rate of return 0 < Required B Required C >