Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed Investment follows: Initial investment (2 Limos) Useful Life Salvage value $780,000 10 years $100,000 Annual net income generated LLT's cost of capital $ 64,740 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 3 Required 41 Calculate accounting rate of return. (Round your answer to I decimal place.) Accounting Rale of Retum % Required 2>