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(1) Required information [The following information applies to the questions displayed below] Falcon Crest Aces (FCA), Incorporated, is considering the purchase of a small plane

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(1) Required information [The following information applies to the questions displayed below] Falcon Crest Aces (FCA), Incorporated, is considering the purchase of a small plane to use in its wing-walking demonstrations and aerial tour business, Various information about the proposed investment follows: Initial inveatment Useful ise Salvoge value Annual net incose qenerated FCA's cost of capital $180,000 10 years $20,000 $4,200 68 Assume straight line depreciation method is used. Help FCA evaluate this project by calculating each of the following: Required: 3. Net present value (NPV). (Future Value of \$1. Present Value of \$1. Euture Value Annuity of \$1. Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Dognot round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar. Nut Prenent Yaive

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