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:

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: 230,000 Initial investment Useful life 10 years Salvage value 25,000 5.200 Annual net income generated FCAs cost of capital Assume straight line depreciation method is used. 18 Value: 0.50 points Required information 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