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 $435.000 air balloons) Useful life 7 years Salvage value $ 57,000 Annual net income generated 38,715 BBS's cost of capital 12% Assume straight line depreciation method is used. Required: Help BBS evaluate this project by calculating each of the following: 1. Accounting rate of retum. (Round your answer to 1 decimal place.) Recounting Rate of % Return 2. Payback period. (Round your answer to 2 decimal places.) Payback Period Years 3. Net present value (NPV). (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations Net Present Value 4. Recalculate the NPV assuming BBS's cost of capital is 15 percent. (Future Value of $1. Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. final answer to nearest whole dollar.) Net Present Value