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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

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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. Required: 2. Payback period. Note: Round your answer to 2 decimal places. Required: 3. Net present vaiue (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. 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

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