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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

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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 S1. Present Value of S1. Future Value Anniity of \$1, Present Value Annuty of $11) Note: Use appropriote foctor(s) from the tobles provided. Assume straight line depreciation method is used. Required: Help B8S evaluate this project by calculating each of the following 1. Accounting rate of return. 2. Payback petiod. Note: Round your answer to 2 decimal places. 3. Net present value (NPV) Note: Negotive amount should be indicoted by a minus sign. Round your answer to 2 decimal ploces: 4. Recalculate the NPV assuming BBS's cost of copital is 15 percent. Note: Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places

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