all the questions pertains to one

PA11-1 Calculating Accounting Rate of Return, Payback Perlod, Net Present Value, Estimating Internal Rate of Return [LO 11-1, 1-2, 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: 6 years Initial investment (for two hot air balloons) Useful life Salvage value Annual net income generated BBS's cost of capital $ 370,000 $ 52,000 32.560 8% Assume straight line depreciation method is used Required: Help BBS evaluate this project by calculating each of the following: 1. Accounting rate of retur. (Round your answer to 1 decimal place.) Accounting Rate of Return % 2. Payback period. (Round your answer to 2 decimal places.) Years Payback Period 3. Net present value (NPV). (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. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) Net Prosent Value 4. Recalculate the NPV assuming BB's cost of capital is 11 percent. (Euture Value of $1. Present Value of $1. Future Value Annuity of 51. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not round Intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar) Net Present Value