Table or Calculator Function: Cash Outflow (Beginning of the Year) n = 11 % Present Value Table or Calculator Function: Cash Inflow (for Next 10 Years) n i = % Table Factor Present Value Table or Calculator Function: Cash Inflow (for 10th Year) n= i = % Table Factor Present Value Total Net Present Value Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed inve follows: Initial investment (2 limon) Useful life Salvage value Annual net income generated LUT's cost of capital $1,080,000 10 years $ 120,000 $ 95,040 154 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 15% Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate payback period. (Round your answer to 2 decimal places.) Payback Period 5.07 years