Balloons By Sunset (B8S) Is considering the purchase of two new hot air balloons so that t can expand i ts desert sunset tours. Various information about the proposed investment ollows nitial investment (for two hot air balloons) $ 478,000 Useful ife Salvage value Annual net income generated BBS's cost of capital 9 years $ 46,000 9,674 8% Assume straight line depreciation method is used Required Help BBS evaluate this project by calculating each of the following 1. Accounting rate of return (Round your answer to 1 decimal place) 2. Payback period (Round your answer to 2 decimal places) Years