Falcon Crest Aces (FCA), Incorporated, 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), Incorporated, 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: Assume straight line depreciation method is used. Help FCA evaluate this project by calculating each of the following: Required: 1. Accounting rate of return. Note: Round your answer to 2 decimal places