http://lectures.mhhe.com/connect/0077493699/table11_4a.JPG Present value of annuity for $1

http://lectures.mhhe.com/connect/0077493699/table11_3A.JPG Future of Annuity for $1

http://lectures.mhhe.com/connect/0077493699/table_11_2a.jpg Present value of $1

http://lectures.mhhe.com/connect/0077493699/table11_1a.JPG Future value of $1

Initial investment (2 limos) Useful life Salvage value Annual net income generated LLTs cost of capital S 1,500,000 10 years S 140,000 142,500 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. (Round your percentage answer to 1 decimal place.) ounting Rate of Return 2. Payback period. (Round your answer to 2 decimal places.) Years ayback 3. Net present value. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, P tables provided. Do not round intermediate calculations. Cash Outflows and negative "Present Values" to the nearest whole dollar amount.) Table or Calculator Function Cash Outflow (Beginning of the Year) n= Present Value Table or Calculator Function Cash Inflow (for Next 10 Years) Table Factor Present Value Table or Calculator Function Cash Inflow (for 10th Year) Table Factor Present Value Total Net Present Value