Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Vaious information about the proposed investment follows: Initial investment (for two hot air balloons) $ 462,000 Useful life Salvage value Annual net income generated BBS's cost of capital 9 years $ 57,000 39,270 9% 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 1 decimal place.) ing 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 i ue 4. Recalculate the NPV assuming BBS's cost of capital is 12 percent. Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) fr t Present Value