E$11-2($Algo$)$ Calculating Accounting Rate of Return, Payback Period $[$LO $11-1,11-2]$

Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $$111,007$ per year. Other information about this proposed project follows:

$\backslash$table$[[$Initial investment,$$526,100$