Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Initial investment (2 linos) Useful life Salvage value Annual net income generated LLT's cost of capital $1,380,000 10 years $ 130,000 $ 128, 340 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 Required 4 Calculate payback period. (Round your answer to 2 decimal places) Payback Priod years