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I need help with finishing part 3 and 4. I have provided my parts for parts 1 and 2 that are completed already. Part 1

I need help with finishing part 3 and 4. I have provided my parts for parts 1 and 2 that are completed already.

Part 1

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Part 3

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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Initial investment (2 limos) $1,680,000 10 years Useful life Salvage value Annual net income generated LLT's cost of capital 140,000 164,640 15% 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 15%. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate accounting rate of return. (Round your answer to 1 decimal place.) Accounting Rate of Return 9.8 % Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Initial investment (2 limos) Useful life $1,680,000 10 years Salvage value Annual net income generated LLT's cost of capital 140,000 $ 164,640 15% 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 15%. 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.) Payback Period 5.27 years Table or Calculator Function: Present Value of $1 Cash Outflow (Beginning of the Year) 2$ (1,680,000) 15 % Present Value (1,680,000) Table or Calculator Function: Present Value Annuity of $1 Cash Inflow (for Next 10 Years) 318,640 10 15 % Table Factor Present Value Table or Calculator Function: Cash Inflow (for 10th Year) Present Value of $1 Table Factor Present Value Total Net Present Value Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Initial investment (2 limos) Useful life $1,680,000 10 years Salvage value Annual net income generated LLT's cost of capital 140,000 164,640 15% 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 15%. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 3 Without making any calculations, determine whether the IRR is more or less than 15%. IRR

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