follows: be purchase of two Hummer limousines. Various information about the proposed investment Initial investment (2 limos) $1,020,000 Useful life 10 years Salvage value $ 120,000 Annual net income generated 88,740 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%