Return to qu 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: Initial investment Useful life Salvage value Annual net income generated FCA's cost of capital $ 170,000 $ 10 years 20,000 $ 4,000 88 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.) Answer is complete but not entirely correct. 7.90 Payback Period years Return to question Line 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: Initial investment $ 170,000 Useful life S 10 years Salvage value 20,000 Annual net income generated $ 4,000 FCA cont of capital BU Assume straight line depreciation method is used. 3. Help FCA evaluate this project by calculating each of the following: Net present value (NPV). (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1) (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) Answer is complete but not entirely correct. Net Pronont Value $ 42,510 %