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 Initial investment (for two hot air balloons) $S 420,000 Useful lide Salvage value Annual net income generated BBSs cost of capital 10 years $ 50,000 37,800 11% Assume straight line depreciation method is used Required: Help BBS evaluate this project by caloulating each of the following 1. Accounting rate of retun 2. Payback period (Round your answer to 2 decimal places) 5 61 Years