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) Useful life $420,000 10 years $ 50,000 Annual net income generated 37,800 119 Salvage value 385's cost of capital Assume straight line depreciation method is used. Required: Help BBS evaluate this project by calculating each of the following: 1. Accounting rate of return. Answer is complete and correct. Accounting Rate of Return 90%