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 $ 960,000 10 years $ 120,000 $ 82,560 13% 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 13%