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0 Required information [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,915,000 Investment

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0 Required information [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,915,000 Investment equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales $ 2,746,000 Variable expenses 1,126,000 Contribution margin 1,620,000 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 615,000 Depreciation 583.000 Total fixed expenses 1,198,000 Net operating Incone $ 422,000 Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table. 8. What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimal places.) Simple rate of return Required information [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating Income in each of five years as follows: Sales $ 2,746,000 Variable expenses 1,126,000 Contribution margin 1,620,000 Fixed expenses Advertising, salaries, and other fixed out-of-pocket costa $ 615,000 Depreciation 503,000 Total fixed expenses 1,198,000 Net operating income $ 422,000 Click here to view Exhibit 120.1 and Exhibit 120.2. to determine the appropriate discount factor(s) using table. 13. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50%. What was the project's actual net present value? (Negative amount should be indicated by a minus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.) Net present value 14. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50%. What was the project's actual payback period? (Round your answer to 2 decimal places.) Payback period years 15. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50% What was the project's actual simple rate of return? (Round your answer to 2 decimal places.) Simple rate of return %

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