Required information [The following information applies to the questions displayed below.) 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: $ 240,99 Initial investment Useful life Salvage value Annual net income generated FCA's cost of capital s 25.09 5.400 5,400 Assume straight line depreciation method is used. 2. Help FCA evaluate this project by calculating each of the following: Payback period. (Round your answer to 2 decimal places.) Payback Period