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6. 3.00 points PA11-1 Calculating Accounting Rate of Return, Payback Period, Net Present Value, Estimating Internal Rate of Return [LO 11-1, 11-2,11-3,11-4] Balloons By Sunset

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6. 3.00 points PA11-1 Calculating Accounting Rate of Return, Payback Period, Net Present Value, Estimating Internal Rate of Return [LO 11-1, 11-2,11-3,11-4] Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Various information about the proposed investment follows Initlal investment (for two hot air balloons) 328,000 Useful life Salvage value Annual net income generated BBS's cost of capital 7 years $ 48,000 30,504 9% Assume straight line depreciation method is used Required Help BBS evaluate this project by calculating each of the following: .Accounting rate of return.(Round your answer to 1 decimal place.) Accounting Rate of Relum

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