Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines Various information about the proposed investment follows Initial investment (2 11mos) Useful life Salvage value $1,740,000 10 years $ 140,000 Annual net income generated $ 172,260 15% LLT's cost of 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 15% Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate accounting rate of return. (Round your answer to 1 decimal place.) Accounting Rate of Return % Required 1 Required 2 >