2 Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various Information about the proposed Investment follows: 10 points Useful life Initial investment (2 limos) $960,000 18 years $ 129,800 Annual net income generated $ 82,568 13% Salvage value LLT's cost of capital Book References Assume straight line depreciation method is used. Required: Help LLT evaluate this project by calculating each of the following: 1. Accounting rate of return. 2. Payback period. 3. Net present value. 4. Without making any calculations, determine whether the IRR is more or less than 13%. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate 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. Cash Outflows and negative amounts should be Indicated by a minus sign. Round your "Present Values" to the nearest whole dollar amount.) Table or Calculator Function: Cash Outlow (Beginning of the Year) Present Value Table or Calculator Function: Cash Inflow (for Next 10 Years) Table Factor Present Value Table or Calculator Function: Cash Inflow (for 10th Year) Table Factor Present Value Total Not Present Value 1= n= Present Value of $1 960,000 % Show less A Check my work