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+ 4 Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: ys Initial investment (2

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+ 4 Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: ys Initial investment (2 Uos) Useful life Salvage value Annual net income generated LLT'S cost of capital 51,740,000 10 years $ 140,000 $ 172,260 154 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 15%

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