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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

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 $ 310,000
Useful life $ 10 years
Salvage value 25,000
Annual net income generated $ 6,800
FCA's cost of capital 7 %

Assume straight line depreciation method is used.image text in transcribed

PA11-4 Part3 ) (Use appropnate tactors) trom the tables p rovided. Negative nount $hould b&Indicated by ? minus sign. Round the rinal answer to nearest whole dollar.)

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