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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

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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 $130,000 $10 years 0,000 $ 3,200 9% Assume straight line depreciation method is used

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