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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:

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.)$

Note: Use appropriate factor$($s$)$ from the tables provided. Negative amount should be indicated by a minus sign. Round your final

answer to the nearest whole dollar amount.