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) 380,000 7 years Useful life Salvage value Annual net income generated BBS's cost of capital S 44,000 33,440 10% Assume straight line depreciation method is used Required: Help BBS evaluate this project by calculating each of the following: .Accounting rate of returm. (Round your answer to 1 decimal place.) Accounting Rate of Return 2. Payback period. (Round your answer to 2 decimal places.) Payback Period Years