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 investrent Useful life Salvage value Annual net incoene qenerated FCA' in cont of capital $180,000 10 yeare $20,000 $4,200 68 Assume straight line depreciation method is used. Help FCA evaluate this project by calculating each of the following: Required: 2. Payback period Note: Round your answer to 2 decimal places. Payback Period yoars