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: 421,000 Initial investment (for two hot air balloons) Useful life Salvage value Annual net income generated 7 years $ 50,000 $ 37,890 15% Assume straight line depreciation method is used. Required Help BBS evaluate this project by calculating each of the following: Help 88S evaluate this project by calculating each of the following 1. Accounting rate of return. (Round your answer to 1 decimal place.) Accounting Rate of Ratum 2. Payback period. (Round your answer to 2 decimal places.) Payback Period Years