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 FCAs cost of capital $140,000 10 years 10,000 3,400 6% 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.) Rate of Return 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 aue provided. Round your final answer to the nearest whole dollar amount.) 1. Present alueot 1. Future aue n uit o 1. Present aueAnnuityo 1 Use appropriate factor(s) from the tables 5. Without doing any calculations, what is the project's IRR? 0 Less than 3% O Greater than 6% 0 Between 3% and 6%