ch Initial investment (for two hot air balloons Useful life Salvage value Annual net income generated B85's cost of capital $352,000 7 year's $ 44,000 30,624 12 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 2 decimal places) 2. Payback period. (Round your answer to 2 decimal places) 3. Net present Value (NPV) (Do not round intermediate calculations. Negative amount should be indicated by a minus dign. Round the final answer to nearest whole dollar) 4. Recalculate the NPV assuming Bes's cost of capital is 15 percent. (Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar) 0.70 472 years Accounting rate of rotum 2 Payback period 3 Nel present value 4. Net present value assuming 15% cost of capital