6 Required information [The following information applies to the questions displayed below.) Part 2 of 3 15 Doints Falcon Crest Aces (FCA), Inc., is considering the purchase of a small plane to use in its wing-walking demonstrations and serial tour business. Various information about the proposed investment follows: - Initial investment Useful lite Salvage value Annuai net income generated PC's cost of capital $ 210,000 $ 10 years 20,000 $ 4.800 70 References Assume straight line depreciation method is used. 2. Help FCA evaluate this project by calculating each of the following: Payback period (Round your answer to 2 decimal places.) Payback Porod years