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 Annual net income generated LLT's cost of capital $ 900,000 10 years $ 120,000 $ 76,500 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%. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate net present value. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Cash Outflows and negative amounts should be indicated by a minus sign. Round your "Present Values" to the nearest whole dollar amount.) Present Value of $1 Table or Calculator Function: Cash Outflow (Beginning of the Year) (900,000) Present Value Table or Calculator Function: Cash Inflow (for Next 10 Years) Present Value Annuity of $1 154,500 n = Table Factor Present Value Table or Calculator Function: Cash Inflow (for 10th Year) Table Factor Present Value $ 32,369 Total Net Present Value (61,741)