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 $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1.)$

Note: Use appropriate factors$)$ from the tables provided.

Initial investment $($for two hot air balloons$)$:$$432,000.$Useful life: $8$ years. Salvage value: $$56,000.$Annual net income generated: $$35,424.$BBS$\text{'}$s cost of capital: $7\%.$

Assume straight line depreciation method is used.

Required:

Help BBS evaluate this project by calculating each of the following:

$1.$ Accounting rate of return. Note: Round your answer to $2$ decimal places.

$2.$ Payback period. Note: Round your answer to $2$ decimal places.

$3.$ Net present value $($NPV$).$ Note: Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.

$4.$ Recalculate the NPV assuming BBS$\text{'}$s cost of capital is $10$ percent. Note: Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.