Saved Required Information [The following Information applies to the questions displayed below.) Falcon Crest Aces (FCA), Inc., is considering the purchase a small plane to use in its wing-walking demonstrations and aerial tour business. Various information about the proposed Investment follows: 10 years Initial investment Useful life Salvage value Annual net income generated FCA's cost of capital $ 140, eee $ 10, eee $ 3,4ee 6% Assume straight line depreciation method is used Required: Help FCA evaluate this project by calculating each of the following: - Accounting rate of return. (Round your answer to 2 decimal places.) Thcounting Rate of Return FCA's cost of capital 3,400 6% Assume stralght line depreclation method is used. 2. Payback period. (Round your answer to 2 decimal places.) Payback Period years Initial investment Useful life Salvage value Annual net income generated FCA's cost of capital $ 140,000 $ 10 years 10,000 $ 3,400 6% Assume straight line depreciation method is used. 3. Net present value (NPV). (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annulty of $1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) Net Present Value life Salvage value Annual net income generated FCA's cost of capital 10 years 10, eee 3,400 6% Assume stralght line depreciation method is used. 5. Without doing any calculations, what is the project's IRR? Multiple Choice Greater than 6% Less than 3% Between 39 and 6% Next Pre