Cardinal Company is considering a five year project that would require a $2,890,000 investment in equipment with a useful life of five years and no salvage value The companys discount rate is 12 The project would provide net operating income in each of five years as follows Sales $ 2,739,000 Variable expenses 1,100,000 Contribution margin 1,639,000 Fixed expenses Advertising, salaries, and other fixed out of pocket costs $ 641,000 Depreciation 578,000 Total fixed expenses 1,219,000 Net operating income $ 420,000 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 projects 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 )

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Cardinal Company is considering a five year project that would require a $2,890,000 investment in equipment with a useful life of five years and no salvage value  The companys discount rate is 12   The project would provide net operating income in each of five years as follows  Sales $ 2,739,000 Variable expenses 1,100,000 Contribution margin 1,639,000 Fixed expenses  Advertising, salaries, and other fixed out of pocket costs $ 641,000 Depreciation 578,000 Total fixed expenses 1,219,000 Net operating income $ 420,000 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 projects 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 )

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Cardinal Company is considering a five-year project that would require a $2,890,000 investment in equipment with a useful life of five years and no salvage

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Sales		$ 2,739,000
Variable expenses		1,100,000
Contribution margin		1,639,000
Fixed expenses:
Advertising, salaries, and other fixed out-of-pocket costs	$ 641,000
Depreciation	578,000
Total fixed expenses		1,219,000
Net operating income		$ 420,000