#11

I just need help with the wrong answers highlighted in red. Thanks!

2.00 points Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follow: Initial investment (2 limos) Useful life Salvage value Annual net income generated LLT's cost of capital S 1,020,000 10 years S 120,000 88,740 14% Assume straight line depreciation method is used. Required: Help LLT evaluate this project by calculating each of the following: 1. Accounting rate of return. (Round your percentage answer to 1 decimal place.) Answer is complete but not entirely correct. Rate 15.60% 2. Payback period. (Round your answer to 2 decimal places.) Answer is complete and correct. back Period 5.71Years 3. Net present value. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Cash Outflows and negative amounts should be indicated by a minus sign. Round your "Present Values" to the nearest whole dollar amount.) Answer is complete but not entirely correct. Table or Calculator Function: Present Value of $1 Cash Outlow (Beginning of the Year) 020,000 n- 140% Present Value 1.020,000 Present Value Annuity of $1 Table or Calculator Function: Cash Inflow (for Next 10 Years) 178,740 140% 5.2161 933,239 Table Factor Present Value Table or Calculator Function: Present Value of $1 Cash Inflow (for 10th Year) 120,000 140% 0.2697 32,369 Table Factor Present Value Total Net Present Value (55,302)