Linda's Luxury Travel {LLT} is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Initial investment (2 limos] $1,268,880 Useful life 10 years. Salvage value $ 138,306 Annual net income generated 5 114,656 LLT's cost of capital 14% 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%. Table or Calculator Function: ' resent Value of $1 Cash Outow [Beginning of the Year} {1 ,ZE} 12F! Present Value {1 ,EE} Table or Calculator Function: Cash Inow {for Next 1i] Years} ' resent Value Annuity of $1 221560 Table Factor Present Value Table or Calculator Function: ' resent Value of $1 Cash Inow (for 10th Year} Table Factor Present Value Total Net Present Value