Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment is as follows

Initial investment (2 limos) $960,000

Useful life 10 years

Salvage value $120,000

Annual net income generated $82,560

LLT's cost of capital 13%

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.)

2. Payback period. (Round your answer to 2 decimal places.)

3.Net present value.

I require answer for all the 3 questions. Thank you