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: Initial investment Useful Life Salvage value Annual net income generated FCA's cost of capital $ 200,000 10 years $ 20,000 $ 4,600 98 Assume straight line depreciation method is used Help FCA evaluate this project by calculating each of the following: Required: 4. 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. Net Present Value TABLE 11.1A Future Value of $1 Periods 2% 0 1.0000 3% 1.0000 3.75% 4% 1.0000 1.0000 1 1.0200 1.0300 1.0375 1.0400 2 3 1.0404 1.0609 1.0612 1.0927 1.0764 4 1.0824 1.1255 5 1.1041 1.1593 6 1.1262 1.1941 1.0816 1.1168 1.1249 1.1587 1.1699 1.2021 1.2167 1.2472 1.2653 7 1.1487 1.2299 4.25% 5% 1.0000 1.0000 1.0425 1.0500 1.0868 1.1025 1.1330 1.1576 1.1811 1.2155 1.2313 1.2763. 1.2837 1.3401. 1.2939 1.3159 1.3382 1.4071 6% 1.0000 7% 8% 1.0000 1.0000 8 1.1717 1.2668 1.3425 1.3686 1.3951 1.4775 9 1.1951 1.3048 1.3928 1.4233 1.4544 1.5513 1.0600 1.0700 1.0800 1.1236 1.1449 1.1664 1.1910 1.2250 1.2597 1.2625 1.3108 1.3382 1.4026 1.4693 1.4185 1.5007 1.5869 1.5036 1.6058) 1.7138 1.5938 1.7182 1.8509 1.6895 1.8385 1.9990 1.3605 10 1.2190 1.3439 1.4450 1.4802 1.5162 1.6289 1.7906 1.9672 2.1589 20 1.4859 1.8061 2.0882 2.1911 2.2989 2.6533 3.2071 3.8697 4.6610 Periods 9% 10% 11% 12% 13% 14% 15% 20% 25% 0 1.0000 1 1.0000 1.0900 1.1000 1.1100 1.1200 1.1300 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.1400 1.1500 1.2000 1.2500 2 1.1881 1.2100 1.2321 1.2544 1.2769 1.2996 3 1.2950 1.3310 1.3676 1.4049 1.4429 4 1.4116 1.4641 1.4815 1.5181 1.5735 1.6305 1.6890 1.3225 1.4400 1.5625 1.5209 1.7280 1.9531 1.7490 2.0736 2.4414 5 1.5386 1.6105 6 7 1.8280 1.9487 1.6851 1.7623 1.8424 1.9254. 2.0114 1.6771 1.7716 1.8704 1.9738 2.0820 2.1950 2.3131 2.0762 2.2107 2.3526 2.5023 2.6600 2.4883 3.0518 2.9860 3.8147 3.5832 4.7684 8 1.9926 2.1436 9 2.1719 2.3579 2.3045 2.4760 2.6584 2.8526 3.0590 4.2998 2.5580 2.7731 3.0040 3.2519) 3.5179 5.1598 5.9605 7.4506 10 20 2.3674 2.5937 2.8394 3.1058 3.3946 3.7072 4.0456 6.1917 9.3132 5.6044 6.7275 8.0623 9.6463 11.5231 13.7435 16.3665 38.3376 86.7362 TABLE 11.2A Present Value of $1 Periods 25 3% 3.75% 4% 4.25% 5% 6% 7% 8% 1 0.9804 0.9709 0.9639 0.9615 0.9592 0.9524 0.9434 0.9346 0.9259 2 0.9612 0.9426 0.9290 0.9246 0.9201 0.9070 3 0.9423 0.9151 0.8954 0.8890 0.8826 0.8638 4 0.9238 0.8885 0.8631 0.8548 0.8466 0.8227 5 0.9057 0.8626 0.8319 8.8219 0.8121 0.7835 6 0.8880 0.8375 0.8018 0.7903 0.7790 0.7462 7 0.8706 0.8131 0.7728 0.7599 0.7473 0.7107 0.6651 0.8900 0.8734 0.8573 0.8396 0.8163 0.7938 0.7921 0.7629 0.7350 0.6806 0.7473 0.7130 0.7050 0.6663 0.6302 0.6227 0.5835 8 0.8535 0.7894 0.7449 0.7307 0.7168 0.6768 0.6274 0.5820 0.5403 9 0.8368 0.7664 0.7180 0.7026 0.6876 0.6446 0.5919 0.5439 0.5002 10 0.8203 0.7441 0.6920 0.6756 0.6595 0.6139 0.5584 0.5083 0.4632 20 0.6730 0.5537 0.4789 0.4564 0.4350 0.3769 0.3118 0.2584 0.2145 Periods 1 9% 10% 0.9174 0.9091 11% 0.9009 0.8929 12% 13% 14% 15% 20% 25% 0.8850 0.8772 0.8696 0.8333 0.8000 2 0.8417 0.8264 0.8116 0.7831 0.7972 0.7695 0.7561 0.6944 0.6400 3 0.7722 0.7513 0.7312 0.7118 0.6931 0.6750 0.6575 0.5787 0.5120 4 0.7084 0.6830 0.6587 0.6355 0.6133 0.5921 0.5718 0.4823 0.4096 5 0.6499 0.6209 0.5935 0.5674 0.5428 0.5194 0.4972 0.4019 0.3277 6 0.5963 0.5645 0.5346 0.5066 0.4803 0.4556 0.4323 0.3349 0.2621 7 8.5470 0.5132 0.4817 0.4523 0.4251 0.3996 0.3759 0.2791 0.2097 8 0.5019 0.4665 9 0.4604 0.4241 10 0.4224 0.3855 20 0.1784 0.1486 0.4339 0.4039 0.3762 0.3909 0.3606 0.3329 0.3522 0.3220 0.2946 0.1240 0.1037 0.0868 0.3506 0.3269 0.3075 0.2843 0.2697 0.24721 0.0728 0.0611 0.2326 0.1678 0.1938 0.1342 0.1615 0.1074 0.0261 0.0115 TABLE 11.3A Future Value of an Annuity of $1 Periods 2% 1 1.0000 3% 1.0000 3.75% 4% 4.25% 5% 6% 7% 8% 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2 2.0200 2 0300 2.0375 2.0400 2.0425 2.0500 2.0600 2 0700 2.0800 3 3.0604 3.0909 3.1139 3.1216 3.1293 3.1525 3.1836 3.2149 3.2464 4 4.1216 4.1836 4.2307 4.2465 4.2623 4.3101 4.3746 4.4399 4.5061 5 5.2040 5.3091 5.3893 6 6.3061 6.4684 6.5914 7 7.4343 7.6625 8 8.5830 8.8923 5.4434 5.4163 6.6330 6.6748 6.8019 7.8386 7.8983 9.1326 9.2142 5.5256 5.6371 5.7507 5.8666 7.1533 6.9753) 7.3359 7.9585 8.1420 9.2967 9.5491 8.3938 9.8975 8.6540 10.2598 10.6366 8.9228 9 9.7546 10.1591 10.4750 10.5828 10.6918 11.0266 11.4913. 11.9780 12.4876 10 10.9497 11.4639 11.8678 12.0061 12.1462 12.5779 13.1808 13.8164 14.4866 20 24.2974 26.8704 29.0174 29.7781 30.5625 33.0660 36.7856 Periods* 9% 10% 11% 12% 13% 14% 15% 20% 40.9955 45.7620 25% 1 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000. 2 2.0900 2.1000 2.1100 2.1200 2.1300 2.1400 2.1500 2.2000 2.2500 3 3.2781 3.3100 3.3421 3.3744 3.4069 3.4396 3.4725 3.6400 3.8125 4 4.5731 4.6410 4.7097 4.7793 4.8498) 4.9211 4.9934 5.3680 5.7656 5 5.9847 6.1051 6.2278 6.3528 6.4803 6.6101 6.7424 7.4416 8.2070 6 7.5233 7 9.2004 8 11.0285 9 7.7156 7.9129. 9.4872 9.7833 10.0890 11.43591 11.8594 12.2997 13.0210 13.5975 8.1152 8.3227 8.5355 8.7537 9.9299 11.2588 10.4047 10.7305 11.0668 12.9159 15.0735 12.7573 13.2328 13.7266 16.4991 19.8419 14.1640 14.7757 15.4157 16.0853 16.7858 20.7989 25.8023 10 15.1929 15.9374 20 51.1601 57.2750 16.7220 17.5487 18.4197 64.2028 72.0524 80.9468 19.3373 20.3037 25.9587 33.2529 91.0249 102.4436 186.6880 342.9447 TABLE 11.4A Present Value of Annuity of $1 Periods 25 3V 3.75% 4% 4.25% 5% 6% 7% 8% 1 0.9804 0.9709 0.9639 0.9615 0.9592 0.9524 0.9434 8.9346 0.9259 2 1.9416 1.9135 1.8929 1.8861 1.8794 1.8594 1.8334 1.8080 1.7833 3 2.8839 2.8286 2.7883 2.7751 2.7620 2.7232 2.6730 2.6243 2.5771 4 3.8077 3.7171 3.6514 3.6299 3.6086 3.5460 3.4651 3.3872 3.3121 5 4.7135 4.5797 4.4833 4.4518 4.4207 4.3295 4.2124 4.1002 3.9927 6 5.6014 5.4172 5.2851 5.2421 5.1997 5.0757 4.9173 4.7665 4.6229 7 6.4720 6.2303 6.0579 6.0021 5.9470 5.7864 5.5824 5.3893 5.2064 8 7.3255 7.0197 6.8028 6.7327 6.6638 6.4632 6.2098 5.9713 5.7466 9 8.1622 7.7861 7.5208 7.4353 7.3513 7.1078 6.8017 6.5152 6.2469 10 8.9826 8.5302 8.2128 8.1109 20 16.3514 14.8775 13.8962 13.5903 8.0109 13.2944 12.4622 7.7217 7.3601 7.0236 6.7101 11.4699 10.5940 9.8181 Periods 9% 10% 11% 12% 13% 14% 15% 20% 25% 1 8.9174 0.9091 0.9009 0.8929 0.8550 0.8772 0.8696 0.8333 0.8000 2 1.7591 1.7355 1.7125 1.6901 1.6681 1.6467 1.6257 1.5278 1.4400 3 2.5313 2.4869 2.4437 2.4018 2.3612 2.3216 2.2832 2.1065 1.9520 4 3.2397 3.1699. 3.1024 3.0373 2.9745 2.9137 2.8550 2.5887 2.3616 5 3.8897 3.7908 3.6959 3.6048 3.5172 3.4331 3.3522 2.9906 2.6893 6 4.4859 4.3553 4.2305 4.1114 3.9975 3.8887 3.7845 3.3255 2.9514 5.0330 4.8684 4.7122 4.5638 4.4226 4.28831 4.1604 3.6046 3.1611 5.5348 5.3349 5.1461 4.9676 4.7988 4.6389 4.4873 3.8372 3.3289 9 10. 20 5.9952 5.7590 5.5370 6.4177 6.1446 5.8892 9.1285 8.5136 7.9633 5.3282 5.1317 4.9464 4.7716 4.0310 3.4631 5.6502 7.4694 5.4262 7.0248 6.6231 5.2161 5.0188 4.1925 3.5705 6.2593 4.8696 3.9539