Lindas Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows:

Initial investment (2 limos)	$	1,140,000
Useful life		10	years
Salvage value	$	130,000
Annual net income generated		101,460
LLTs cost of capital		16	%

Assume straight line depreciation method is used.

Table or calculator Function: Present Value of $1 Cash outflow (Beginning of the Year) Present Value Table or calculator Function Present Value Annuity of $1 Cash Inflow (for Next 10 Years Table Factor Present Value Table or calculator Function Present Value of $1 Cash Inflow for 10th Year) Table Factor Present Value Total Net Present Value