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Linda's Luxury Travel (LET) is considening the purchase of two Hummer limousines Various information about the proposed investment follows: Assume straight line depreciation method is

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Linda's Luxury Travel (LET) is considening the purchase of two Hummer limousines Various information about the proposed investment follows: 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 (Euture Value of S1. Rresent Value of \$1, Euture Value Annuify of \$1. Present Value Annuity of St) Note: Use oppropriate foctor(s) from the tables provided. 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. Calculate accounting rate of return. Note: Round your answer to 1 decimal place. Calculate payback period. Note: Round your answer to 2 decimal places. Calculate net present value. Note: Cash Outflows and negative amounts should be indicated by a minus sign. Roun whole dollar amount. Without making any calculations, determine whether the IRR is more or less than 15%

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