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, 200, 900 Useful life 10 years Salvage value $ 130,900 Annual net income generated $ 108, 900 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. (Future Value of $1,Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. 4. Without making any calculations, determine whether the IRR is more or less than 14%.Calculate accounting rate of return. Note: Round your answer to 1 decimal place. Accounting Rate of Return %Calculate payback period. Note: Round your answer to 2 decimal places. Payback Period yearsTable or Calculator Function: Cash Outflow (Beginning of the Year) n= E % Present Value Table or Calculator Function: Cash Inflow (for Next 10 Years) % Table Factor Present Value Table or Calculator Function: Cash Inflow (for 10th Year) n= % Table Factor Present Value Total Net Present Value