Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Initial investment (2 limos) $1,440,000 Useful life 10 years Salvage value $ 130,000 Annual net income $ 135, 360 generated LLT'S cost of 14% capital 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 14%. Complete this question by entering your answers in the tabs below. Required Required Required Required 2 3 1 4 Calculate net present value. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Cash Outflows and negative amounts should be indicated by a minus sign. Round your "Present Values" to the nearest whole dollar amount.) Show less Table or Calculator Function: Present Value of $1 Cash Outflow (Beginning of the Year) n = i = Present Value % Table or Calculator Function: Present Value Annuity of $1 Cash Inflow (for Next 10 Years) n = % Table Factor Present Value Table or Calculator Function: Present Value of $1 Cash Inflow (for 10th Year) n = = Table Factor Present Value % Total Net Present Value