Check my work 5 ! Required information [The following information applies to the questions displayed below.] Part 1 of 3 1.5 points Falcon Crest Aces (FCA), Inc., 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 investment Useful life Salvage value Annual net income generated FCA's cost of capital $ 220,000 $ 10 years 25,000 $ 5,000 7% eBook 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 : % neck my 6 Required information [The following information applies to the questions displayed below.] Part 2 of 3 1.5 points Falcon Crest Aces (FCA), Inc., 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 investment Useful life Salvage value Annual net income generated FCA's cost of capital $ 220,000 $ 10 years 25,000 $ 5,000 7% eBook Print Assume straight line depreciation method is used. References 2. Help FCA evaluate this project by calculating each of the following: Payback period. (Round your answer to 2 decimal place Payback Period years 7 ! Required information [The following information applies to the questions displayed below.] Part 3 of 3 1.5 points Falcon Crest Aces (FCA), Inc., 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 investment Useful life Salvage value Annual net income generated FCA's cost of capital $ 220,000 $ 10 years 25,000 $ 5,000 7% eBook Print Assume straight line depreciation method is used. References 3. Help FCA evaluate this project by calculating each of the following: Net present value (NPV). (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) Net Present Value