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Falcon Crest Aces (FCA), Inc., is considering the purchase of a small plane to use...

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Accounting

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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: $ 270,000 Initial investment Useful life Salvage value Annual net income generated FCA's cost of capital 10 years 25,000 6,000 8% Assume straight line depreciation method is used

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