Required 1 Required 2 Required 3 Calculate net present value. Required 4 Note: Cash Outflows and negative amounts should be indicated by a minus sign. Round you whole dollar amount. Table or Calculator Function: Cash Outflow (Beginning of the Year) Present Value Table or Calculator Function: Cash Inflow (for Next 10 Years) Table Factor Present Value Table or Calculator Function: Cash Inflow (for 10th Year) Future Value Annuity of $1 $ 1,020,000 x n = 0 14 % S 1,020,000 x Future Value Annuity of $1 S 178,740 n = 10 i = 14 % 5.2161 $ 923,329 x Future Value Annuity of $1 S n = i= 120,000 10 14 % Table Factor 0.2697 Present Value $ 32,369 Total Net Present Value S (55,302) Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various Information about the proposed Investment follows: Initial investment (2 limos) Useful life Salvage value Annual net income generated LLT's cost of capital $ 1,020,000 10 years $ 120,000 $ 88,740 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. (Future Value of $1,Present Value of $1, Future Value Annulty of $1, Present Value Annulty 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%. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate accounting rate of return. Note: Round your answer to 1 decimal place. Accounting Rate of Return 17.4 9 < Required 1 Required 2 >