As Calendar ASU ACC 241 Question 3 - ( X Asu Draft of Prop X Asu Chapter 11 H X Login X M Inbox (936) - X Assignment S X Asu Dashboard X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsC... LE Chapter 11 Homework i Saved Help Save & Exit Submit Check my work 3 Required information Part 1 of 5 [The following information applies to the questions displayed below.] Falcon Crest Aces (FCA), Inc., is considering the purchase of a small plane to use in its wing-walking demonstrations and 1.42 ial tour business. Various information about the proposed investment follows: points Initial investment $ 300,000 Useful life to t 10 years Book Salvage value 25,000 Annual net income generated $ 6,600 FCA's cost of capital 8% Print Assume straight line depreciation method is used. References Required: Help FCA evaluate this project by calculating each of the following: 1. Accounting rate of return. (Round your answer to 2 decimal places.) Accounting Rate of Return 4.10 % 63OF W X 4:58 PM Partly sunny O 11/1/2022 2