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: $ 240,000 Initial investment Useful life Salvage value Annual net income generated FCAs cost of capital 10 years 25,000 $5,400 8% Assume straight line depreciation method is used. value: Required information 2.85 points Required Help FCA evaluate this project by calculating each of the following: 1. Accounting rate of return. (Round your answer to 2 decimal places.) Accounting Rate of Retum 2. Payback period. (Round your answer to 2 decimal places.) Payback Period years 3. 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. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) Present Value 4. Recalculate FCA's NPV assuming the cost of capital is 3% percent. Future alueo $1. Present Value of $1 Future Value Annuity of $1, Presen ValueAnnuityO $1 factor(s) from the tables provided. Round your final answer to the nearest whole dollar amount.) Use appropriate t Present Value 5. Without doing any calculations, what is the project's IRR? Less than 3% O Greater than 8% 0 Between 3% and 8%