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:

Required Information 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 aerial tour business. Various information about the proposed investment follows: $ 200,000 Initial investment Useful life Salvage value Annual net income generated FCA's cost of capital 10 years 20,000 $ 4,600 9% Assume straight line depreciation method is used 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 aerial tour business. Various information about the proposed investment follows: $ 200,000 Initial investment Useful life Salvage value Annual net income generated FCA's cost of capital 10 years 20,000 $ 4,600 9% Assume straight line depreciation method is used 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 Pesent alueo factor(s) from the tables provided. Round your final answer to the nearest whole dollar amount.) L E ture al Annuit o Present al u o i) app Opriate Net Present Value 5. Without doing any calculations, what is the project's IRR? O Greater than 9% Between 3% and 9% 0 Less than 3%