4. Value: value 4.00 points Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its des Initial investment (for two hot air balloons) Useful life Salvage value Annual net income generated BBS's cost of capital S 441,000 9 years S 54,000 35,721 10% Assume straight line depreciation method is used. Required: Help BBS evaluate this project by calculating each of the following: 1. Accounting rate of return. (Round your answer to 1 decimal place.) Accounting Rate of Return 2. Payback period. (Round your answer to 2 decimal places.) Payback Period Years 3. Net present value (NPV). (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of Net Present Value 4. Recalculate the NPV assuming BBS's cost of capital is 13 percent. (Future Value of $1. Present Value or $1. Future Value A whole dollar.) Net Present Value References eBook & Resources Worksheet Learning Objective Type here to search 01 Care