Also, 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?

Check my work 13 Part 130115 Required information (The following information applies to the questions displayed below.) Part 13 of 15 Cardinal Company is considering a five-year project that would require a $2.975,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows: 10 points $ 2,735,000 1,000,000 1,735,000 eBook Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 735,000 595,000 Print 1,330,000 $ 405,000 References Click here to view Exhibit 14B-1 and Exhibit 14B-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 45%. 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.) EXHIBIT 14B-1 Present Value of $13 (1+ Periods 1 2 3 5 6 7 8 9 0 2 6 7 4% 5% 6% 7. % 19% 10% 1% 12% % 14% 15% 16% 7. 188 19% 20% 2% 22% 23-6 24% 25% 0.962 0.952 0.943 0935 0926 0.97 0.909 0.901 0893 0.885 0.87 0.870 0.862 0.855 0847 0840 0.833 0.826 0820 0.86 0.806 0.800 0.925 0.907 0890 0873 0857 0842 0826 0.82 0.797 0783 0769 0756 0.743 03 076 0706 0706 0694 0.68 0672 0.66] 0650 0.640 0.889 0.864 0.840 0.816 0.794 0.72 0.751 0.731 0.72 0693 0.675 0.658 0.641 0.624 0.609 059 0579 0.564 0551 0537 0.524 0.512 0855 0823 0792 0763 0735 0708 0.68 0.659 0636 0.6% 0592 0572 0.552 0534 056 0499 0.482 0.467 0451 0437 0423 0.410 0.822 0.784 0.747 08 0.68 0.650 0.621 0.593 0.567 0.543 0519 0.497 0.476 0.456 0437 0.499 0456 0437 0.419 0.402 0.386 0.370 0.355 0341 0328 0.790 0.746 0705 0.666 0630 0.596 0.564 0.535 0.507 0.480 0.456 0.432 0.410 0.390 0370 0352 0352 0.335 0319 0385 0.319 0.303 0.289 0.275 0.262 0.760 0.1 0.665 0.623 0.58 0547 0.513 0.482 0.452 0.425 0.400 0.376 0.354 0333 0.333 034 0.34 0.296 0.279 0.263 0.249 0.235 022 0.210 031 0.67 0.627 0582 0.540 0.502 0.467 0.434 0.404 0376 0351 0.327 0.305 0.285 0.266 0.249 0327 0305 0.285 0266 0.249 0.233 0.218 0204 0191 0179 0.168 0.703 0.645 0.592 0.544 0.544 0.500 0.460 0.424 0.391 0.36] 0333 0.308 0.284 0.263 0243 0.243 0.225 0.209 0194 0.180 0167 0.155 0.144 0.134 0.676 0.614 0.558 0.508 0.463 0422 0.386 0.352 0322 0.295 0270 0.247 0.227 0.208 0191 0.176 0.162 0.149 037 01/26 0.116 0.107 0.650 0585 0.527 0.475 0429 0.388 0.350 0.317 0.287 0.261 0.237 0.215 0.195 0.178 0.162 0.148 0.135 0.123 02 0.103 0.094 0.086 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 023 0.208 0.187 0.168 0.152 0137 0.124 012 0.102 0.092 0.083 0.076 0.069 06 0530 0.530 0.469 0.415 0.368 0326 0.290 0.258 0.229 0.204 0.182 0163 0.145 0130 0/16 0.104 0.093 0.084 0.075 0.068 0.061 0.055 0.57 0.505 0.442 0.388 0340 0299 0.263 0.232 0205 0181 0.160 0.141 0125 0 0.099 0.088 0.078 0.069 0.062 0.055 0.049 0.044 0.555 0.481 0.47 0.362 0.35 0.275 0.239 0.209 0.183 0.160 0.140 0.123 0.108 0.095 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0.035 0.534 0458 0394 0339 0339 0292 0252 0.218 0.188 0.163 0141 01/23 0107 0.093 0.08 0.071 0.062 0.054 0.047 0.042 0.036 0.032 0.028 0.5% 0.436 0.371 037 0270 0.23 0.198 0.70 0.146 0.125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 0494 0.46 0350 0296 0.250 0.212 0180 0153 030 0 0.095 0.081 0.069 0059 0.05] 0044 0.088 0.032 0028 0.024 0021 0.018 0.475 0396 0.31 0.27 0.23 0.194 0.164 0.138 06 0.098 0.083 0.070 0.060 0.051 0.043 0.037 0.03] 0.027 0.023 0.020 0.07 0.014 04566 0377 0312 0.258 026 078 0.149 0124 0104 0.087 0.073 0.061 0.051 0.043 0.03 0.00 0.026 0.022 009 0.06 0.04 0.02 0.439 0359 0294 0242 0.242 0199 0164 0135 012 0.093 0.07 0.064 0.053 0.044 0.037 0.00 0.026 0.022 0.018 0.05 0.0% 0.00 0.009 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0101 0.083 0.068 0.056 0.046 0.038 0.032 0.026 0.022 0.018 0.05 0.0% 0.00 0.009 0.007 0406 0.326 0262 0.2070 070 0.138 02 0.091 0.074 0.060 0.049 0.040 0.033 0.027 0.022 0.018 0.005 0.02 0.010 0.009 0.007 0.006 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.082 0.066 0.053 0.043 0.035 0.028 0.023 0.019 0.015 0.013 0.010 0.008 0.007 0.006 0.005 10.375 0.295 0.233 0.184 0.146 0.16 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0.007 0.006 0.005 0.004 0.361 0.281 0.220 0.172 0135 0.106 0.084 0.066 0.053 0.042 0.033 0.026 0.021 0.07 0.04 0.01 0.009 0.007 0.006 0.005 0.004 0.003 0.347 0.268 0.207 0.161 0.125 0.098 0.076 0.060 0.047 0.037 0.029 0.023 0.018 0.04 0.0% 0.009 0.007 0.006 0.005 0.004 0.003 0.002 0.333 0.255 0.196 0.150 0/16 0.090 0.069 0.054 0.042 0.03 0.026 0.020 0.016 0.012 0.010 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0321 0.243 0.185 0.141 0.107 0.082 0.063 0.048 0.037 0.029 0.022 0.07 0.014 0.0t 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0.002 0.308 0.231 0.174 0.131 0.099 0.075 0.057 0.044 0.033 0.026 0.020 0.05 0.012 0.009 0.007 0.005 0.004 0.003 0.003 0.002 0.002 0.001 0208 0142 0.097 0.067 0.046 0.032 0.022 0.015 0.032 0.022 0.05 0.00 0.008 0.005 0.004 0.003 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 20 21 22 23 24 25 26 27 23 29 30 EXHIBIT 148-2 Present Value of an Annulty of $1 In Arrears; + 1 - autor Periods 1 2 3 4 5 6 7 8 9 10 12 5 4% 5% 6% 7% 8% 9% 10% 2% 13% 48 5% 16% 7% 8% | 19% 20% 21% 22% 23% 24% 25% 0.962 0.952 0943 0.935 0926 0.91] 0.909 0901 0.900 0.893 0.885 0.87 0870 0.870 0.862 0.855 0847 0.855 0847 0.840 0833 0826 0820 0.8% 0.806 0.800 186 1.859 1323 1.808 1.783 1759 1736 17: 1.690 1.668 164) 1626 1605 1585 1.566 1.547 1528 1.509 1.492 1474 1457 1440 2775 2.723 2673 2.624 2.577 2531 2.487 2.444 2402 2361 2322 2283 2246 2.210 274 2.140 2106 2.074 2.074 2.042 20m 1991 1.952 3.630 3546 3.465 3.287 3.312 3240 370 3102 3.037 2974 2914 2.855 2.798 2.743 2.690 2.689 2589 2540 2494 2448 2.404 2362 4.452 4.329 4212 4.100 3993 3.890 3791 3.69% 3.605 3.57 3.43 3.352 3274 3.199 3127 3.058 2.9912926 2.864 2.80 2.745 2.689 5.242 5.076 497 4.767 4623 4.426 4.355 4.231 4 3.998 3.229 3.784 3.685 3.589 3.498 3.410 3.326 3.245 3.167 3.092 3.020 2951 6.002 5.736 5582 5.389 5.206 5.033 4.868 41 4564 4.423 4.423 4288 4.288 4.160 1039 3922 3922 3.812 3.706 3605 3508 3.416 3327 3242 3242 3.161 6.733 6.463 6210 5971 5747 5535 5.35 5.146 4.968 49 4689 4.639 4.487 434 4207 LOTS 3.954 3.837 3726 3.619 3.58 3421 3329 7435 7108 6.802 6.5 6.247 5.995 5.759 5.537 5.328 5132 4.946 4.772 4.607 4.451 4.303 4.163 4.031 3.905 3.786 3.673 3.566 3.463 2.11 7722 7360 7024 6.710 6.418 6.145 5.889 5.650 5.426 5.216 5.019 4.233 4.659 4.659 4.494 4.339 4.192 4.054 3.923 3.799 3.682 3.571 8760 8.306 7.887 7499 139 6.805 6.495 6.207 5.98 5.687 5.453 5.234 5.029 4.836 4.656 4.486 4327 47 4.035 3902 3.76 3.656 9385 8.86 8324 7942 7536 7161 6.14 6.492 6194 5918 5.660 5421 5.197 4.98 4793 4.6 4.439 4278 427 3.985 3.851 3725 9926 9.394 8853 8.358 7904 7437 Z100 6.750 6.424 6.122 5.842 5.583 5.342 5.118 4910 4.715 4.533 4.362 4.203 4.053 3.912 3.780 10.563 9.899 9295 8.745 3.244 7786 7.367 6.982 6.628 6.302 6.002 5.724 5. 468 5.229 5.008 4.802 4.611 4.432 4.265 4108 3.962 3.824 11.118 10.380 9.72 9.108 8.559 8.06] 1606 7191 6.81 6.462 6.142 5847 5.55 5.324 5.092 4.876 4.675 4.489 4.315 4.153 4.001 3.859 1652 0.838 006 9447 8851 838 7824 1379 6.974 6.604 6.265 5.954 5.66 5.405 562 4.988 4/30 4.536 4.357 4189 4.033 3887 2.16 1274 10.477 9.763 9.122 8.544 8.022 7.549 7/120 6.729 6.373 6.33 6.047 5749 5.475 5.222 4.990 4.775 4576 4.391 4.219 4.059 3.910 2.659 1.690 10.828 10.059 9.372 8756 8.2M 7702 7250 6.340 6.467 6.128 5.88 5.534 5.273 5.534 5.273 5.033 4.812 4.608 4.419 4.243 4.00 3923 134 2.085 1158 10336 9.604 8.950 8365 7839 7.366 6.98 6.550 6198 5.37 5.584 5.316 5.070 4.843 4.665 4.442 4263 4.0973942 590 2.462 1470 10594 9.818 9.29 8514 7963 7469 1025 6.623 6.259 5.929 5.628 5.353 5.10 4870 457 4.460 4279 4.110 3954 14.029 2.821 1764 10.836 10.017 10.07 9.292 8.649 3.075 7562 7102 6.687 6.312 5.973 5.665 5.384 5.127 4.91 4.675 4.476 4.292 4.121 3.963 14.451 13.163 12.042 1.061 10.201 9.42 8.72 876 7.645 7170 6.743 6.359 6.01 5.696 5.410 5.149 4.909 4.690 4.48 4.302 4130 3.970 14.857 3.489 2303 122 10.371 9580 8.88 8266 778 7230 6792 6.399 6.04 5.773 5432 5.432 5.167 4925 4.70 4.499 4.3 47 3976 15.247 3.799 2550 1469 1059 9707 8.985 8348 7784 128 6.35 6.434 6.073 5746 5.451 5.182 4937 473 4507438 4.143 3.98] 15.622 14.094 2783 1.654 10.675 9823 9.07 3.422 7.843 7330 6.873 6464 6.097 5.766 5.467 5.195 4.948 4721 4.514 4323 4.147 3.985 5. 983 4.375 8.003 1.826 10.810 9929 9.161 3.488 1896 7372 6.906 6.41 618 5.783 5.480 5.206 4.956 4728 4.520 4328 4.151 3988 16.30 4.643 12 1987 10.935 10.027 9.237 8.548 7.943 1409 6935 6.514 636 5.798 5492 5.215 4964 4734 4524 4332 454 3990 16.663 14.898 406 ? 1051 106 9307 3602 7984 7441 6.96] 6534 6.152 5.810 5.502 5223 4.970 439 4.528 4335 457 392 16.984 6.147 2.591 2.278 1.158 10198 9.370 8.650 8.022 7470 6.983 6.551 6.166 5.820 5.510 5.229 4.975 4742 4.53] 4.337 4 3.994 7292 5.372 3.765 2.409 1258 10.274 9.427 8.694 8.055 7.496 7.003 66.566 6 5.829 5.57 5.235 4.979 4.746 4.534 4339 4.160 3995 1979 7159 506 8382 1925 10.35] 9779 8951 8244 8.244 7.634 1.634 105 6.642 6.233 5.81 5.58 5.258 4997 4760 4544 4347 4166 3999 6 18 19 20 21 22 23 24 25 26 27 28 29 30 10