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could you please explain the process if finding the table factor Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information

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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about th proposed investment follows: 10 years Initial investment (2 limos) $1,500,000 Useful life Salvage value $ 140,000 Annual net income generated $ 142,500 LLT's cost of capital 14% Assume straight line depreciation method is used. Required: Help LLT evaluate this project by calculating each of the following: 1. Accounting rate of return. 2. Payback period. 3. Net present value. 4. Without making any calculations, determine whether the IRR is more or less than 14%. Complete this question by entering your answers in the tabs below. Required Required Required Required 2 3 Calculate net present value. (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. Cash Outflows and negative amounts should be indicated by a minus sign. Round your "Present Values" to the nearest whole dollar amount.) Show less $ Table or Calculator Function: Cash Outflow (Beginning of the Year) no = Present Value (1,500,000) 0 14% (1.500.000) $ Present Value Annuity of Table or Calculator Function: IS1 Cash Inflow (for Next 10 Years) S 278,500 n 10 14% Table Factor 5.2161 Present Value 115 11,452,684

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