please show steps to calculations it will help me understand better thank you

Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows: Initial investment (2 limos) $ 960, 000 Useful life 10 years Salvage value $ 120,000 Annual net income generated 82, 560 LLT's cost of capital 138 Assume straight line depreciation method is used. Required: Help LLT evaluate this project by calculating each of the following: ces 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%. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate accounting rate of return. (Round your answer to 1 decimal place.)