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:

Net present value $($NPV$).($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. Do not round intermediate calculations. Negative amount should be

indicated by a minus sign. Round the final answer to nearest whole dollar.

Net Present Value