3. Determine the project's payback period. (Round your answer to 2 decimal places.) provided. Negative amount should be Indicated by a minus sign. Enter the answer in whole dollar. Round the final answer to nearest whole dollars.) PA11-2 (Algo) Making Automation Decision [LO 11-1, 11-2, 11-3, 11-5] [The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $9.48 million, and the equipment has a useful life of 7 years with a residual value of $1,150,000. The company will use straightline depreciation. Beacon could expect a production increase of 36,000 units per year and a reduction of 20 percent in the labor cost per unit. PA11-2 Part 2 2. Determine the project's accounting rate of return. (Round your answer to 2 decimal places.)