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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Assume straight line depreciation method is

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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Assume straight line depreciation method is used. Required: Help LLT evaluate this project by calculating each of the following: 1. Accounting rate of retum. 2. Payback period. 3. Net present value. (Future Value of \$1.Present Value of \$1, Euture Value Annuity of \$1, Present Vatue 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%. Complete this question by entering your answers in the tabs below. Calculate accounting rate of return. Note: Round your answer to 1 decimal place. Complete this question by entering your answers in the tabs below. Calculate payback period. Note: Round your answer to 2 decimal places. Calculate net present value. Note: Cash Outfiows and negative amounts should be indicated by a minus sign. Round your "Present Values" to the nearest whole dollar amount. Complete this question by entering your answers in the tabs below. Nithout making any calculations, determine whether the IRR is more or less than 14%

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