13.Assume a post audit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 45%. What was the projects actual net present value? (Negative amount should be indicated by a minus sign. Round discount factor (s) to 3 decimal places, intermediate calculations and final answer to the nearest whole dollar amount.)

15.Assume a post audit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 45%. What was the projects actual 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 $2,812,000 Investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: $2,895,000 1,010,000 1,845,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total Lixed expenses Net operating income $ 798,000 562,400 1,360,400 $ 484,600 Click here to view Exhibit 12B-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table