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 Salvage value Annual net income generated BBS's cost of capital S 372,000 7 years S 50,000 34,968 8% 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 Initial investment (for two hot air balloons)$372,000 Useful life Salvage value Annual net income generat BBS's cost of capital 7 years S 50,000 34,968 ed 8% Assume straight line depreciation method is used Required Help BBS evaluate this project by calculating each of the following 1. Accountiog.cate ofcetura. (Round your answer to 1 decimal place.) 2. Payback period. (Round your answer to 2 decimal places.) Vele ot 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. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) pnariated oet proprate orte 4. Recalculate the NPV assuming BBS's cost of capital is 11 percent. (Future Value of $1, Prsnt 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 Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.)