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Please do all four parts ASAP. Thanks Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment

Please do all four parts ASAP. Thanks

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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Initial investment (2 limos) $ 840,000 Useful life 10 years Salvage value $ 120,900 Annual net income generated $ 70, 560 LLT's cost of capital 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

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