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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows S 660,000 Useful life Salvage value

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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows S 660,000 Useful life Salvage value Annual net income generated LLT's cost of capital 10 years S 200,000 53,460 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.) Accounting Rate of Return 2. Payback period. (Round your answer to 2 decimal places.) Years

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