[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 inwestment Useful life Salvage value Annual net income generated FCAs cost of capital $ 190,000 0 years 20,000 4,400 6% Assume straight line depreciation method is used. References PA11-4 Calculating Accounting Rate of Return, Payback Period, Net Present Value Estimating Internal Rate of Return [LO 11-1, 11-2, 11-3, 11-4 Section Break 3. .0 oints value: Required information PA11-4 Part 1 Required: Help FCA evaluate this project by calculating each of the following 1. Accounting rate of return. (Round your answer to 2 decimal places.) g Rate of Return 2.321%