follows: hes. Various information about the proposed investment Initial investment (2 limos) Useful life Salvage value Annual net income generated LLT's cost of capital $1,020,000 10 years $ 120,000 $ 88,740 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% on, ewnether the IRR is more or less than 14% 1 points Answer is not completa Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate payback period. (Round your answer to 2 decimal places) Puck Period 5.743 years Present Value Table or Calculator Function Cash Intlow or Next 10 years) n 10 14 Table Factor Prosent Value Table or Calculator Function Cash Intlow (for 10th Year) n 10 14 Table Factor Present Value 5 32,364 Total Net Present Value