PA11-1 (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 51. Present Value Annuity of S1) (Use appropriate factor(s) from the tables provided.) ped Initial inventinent (for two hot air balloons Useful life Salvage value Annual net income generated Base cost of capital $409,000 years $ 57,000 31,037 75 ht nces Assume straight line depreciation method is used, Required: Help Bes evaluate this project by calculating each of the following: 1. Accounting rate of return, (Round your answer to 2 decimal places.) 2. Payback period. (Round your answer to 2 decimal places.) 3. Net present value (NPV). (Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar) 4. Recalculate the NPV assuming Bes's cost of capital is 10 percent. (Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dolor) 1. Accounting rate of retum 2 Payback period 3. Net present value 4 Net present value assuming 10% cost of capital years