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: $ 310,000 10 years Initial investment Useful life Salvage value Annual net income generated FCA's cost of capital 25,000 6,800 7% Assume straight line depreciation method is used. 1. Accounting rate of return. (Round your answer to 2 decimal places.) Accounting Rate of Return 2. Payback period. (Round your answer to 2 decimal places.) Payback Period years 3. 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. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) Net Present Value 4. Recalculate FCA'S NPV assuming the cost of capital is 3% percent. (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. Round your final answer to the nearest whole dollar amount.) Net Present Value