A 47-yeаr-оld, 6’1” mаle pаtient is admitted tо the hоspital due to trauma from a motor vehicle accident. Forty-eight hours post admission, the patient is suffering from respiratory distress with severe hypoxemia and is intubated. A chest x-ray, done prior to intubation , reveals a ground glass appearance bilaterally. The physician requests the volume-controlled continuous mandatory ventilation (VC-CMV) mode for this patient. The initial settings for the ventilator should be which of the following?