Answers to 1,2 and 3 are correct.

struggling to answer #4, Recalculate the NPV assuming BBS's cost of capital is 11%.

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: (Future Value of \$1. Present Value of S1. Future Value Annuity of S1. Present Value Annuity of $1] Note: Use oppropriate foctor(s) from the tables provided. Assume straight line depreciation method is used. Required: Help BBS evaluate this project by calculating each of the following: 1. Accounting rate of refurn. Note: Round your answer to 2 decimal places. 2. Poyback pertod Note: Round your answer to 2 decimal places. 3. Net present value (NPV). Note: Do not round intermediate calculations. Negative amount should be indicoted by a minus sign. Round the final answer to neorest whole dollor. 4. Recalculate the NPV assuming BBS's cost of capital is il percent. Note: Do not round intermediote colculotions. Negotive amount should be inclicated by o minus sign. Round the final answer to nearest whole dollor. 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: (Future Value of \$1. Present Value of S1. Future Value Annuity of S1. Present Value Annuity of $1] Note: Use oppropriate foctor(s) from the tables provided. Assume straight line depreciation method is used. Required: Help BBS evaluate this project by calculating each of the following: 1. Accounting rate of refurn. Note: Round your answer to 2 decimal places. 2. Poyback pertod Note: Round your answer to 2 decimal places. 3. Net present value (NPV). Note: Do not round intermediate calculations. Negative amount should be indicoted by a minus sign. Round the final answer to neorest whole dollor. 4. Recalculate the NPV assuming BBS's cost of capital is il percent. Note: Do not round intermediote colculotions. Negotive amount should be inclicated by o minus sign. Round the final answer to nearest whole dollor