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Cardinal Company is considering a five-year project that would require a $2,860,000 investment in equipment with a useful life of five years and no salvage

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Cardinal Company is considering a five-year project that would require a $2,860,000 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 operatng income in each of five years as follows $2,859,000 1,100,000 1,759,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation $700, 000 572,000 31.272,000 Total fixed expenses Net operating income $487,000 Click here to view Exhibit 128-1 and Exhibit 12B.2 to determine the appropriate discount factors) using table. 13. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which e amount should be indicated by a minus sign Round discount factorls) to amount.) I places, intermediate calculations and final answer to the nearest whole dollar

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