PA$11-1($Algo$)$ Calculating Accounting Rate of Return, Payback Period, Net Present Value, Estimating Internal Rate of Return $[$LO $11-1,11-2,11-3,11-4]$

Balloons By Sunset $($BBS$)$ is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Various information about the proposed investment follows: $($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.

$\backslash$table$[[$Initial investment $($for two hot air balloons$),$$$478,000$