Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its Information about the proposed Investment follows: (Future Value of $1. Present Value of $1, Future Value A Annulty of $1.) (Use appropriate factor(s) from the tables provided.) Initial investment (for two hot air balloons) Useful life Salvage value Annual net income generated BBS's cost of capital $346,000 6 years S 46,000 31,486 11% 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 2 decimal places.) 2. Payback period (Round your answer to 2 decimal places.) 3. Net present value (NPV). (Do not round Intermediate calculations. Negative amount should be Indicated by a the final answer to nearest whole dollar.) 4. Recalculate the NPV assuming BBS's cost of capital is 14 percent. (Do not round Intermediate calculations. Neg should be Indicated by a minus sign. Round the final answer to nearest whole dollar.) 1. Accounting rate of return 2. Payback period 3. Net present value 4 Net present value assuming 14% cost of capital 96 years