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 16%. The project would provide net operating income in each of five years as follows: Sales $ 2,863,000 Variable expenses 1,014,000 Contribution margin 1,849,000 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 781,000 Depreciation 583,000 Total fixed expenses 1,364,000 Net operating income $ 485,000 Click here to view Exhibit 12B-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table Foundational 12-5 (Algo) 5. What is the profitability index for this project? (Round your answer to 2 decimal places.) Profitability index EXHIRIT 121 Present Value of $1: 1 () SIZ 56 Seco 1680 TEKO OTSO LESO 9 OTO ISCO OLEO LCO N 6 01 Periods SS 64 75 89 104 125 135 145 155 169 175 18 195 20% 224 235 24 256 1 0.9620052 094509350 926 0917 0.9090901 0.877 0.570 0 862 0.85 0.847 D.X2602003006 NOO 2 0925 0907 0.90 0.87308570842026 0812 0.797 0.73 0.709 0.756 0.743 0731 0.7180.706 0.694 0.68300720661 0.6500 640 3 0489 064000X160.794 0772 0.751 0.31 0.7120693 0673 06580641 062490593057905640351 0.53% 05240512 4 OS 023 0.92 0.76 0.735 0.70% 0.650.659 06150613 10.592 05720352 0.534 OS16 04990482 0467 04510417 042 0410 $ 0.822 0.784 0.742 071 061 0650062105930.5670543 05190402 04760456 0417 04100402061030013503410 0.790 0.7460705 06060630059056405350 3070480 0.456 0452041003900370 0120335 03190.0025902750262 7 0.760 0.711 0665 0.623 0.58305470513048204520425 0.376015403330314029602790261 0.249 0.250.222 0.210 0.73106770627 052 0540050210467034 0.404 0.105 0.25 0.2660249 0233020 204 0.1910.1790.168 0.703065059203440.500 0.400x240191 0161 0.133 0284 0.263 024 0.225 0200 0.14 0.180 0.167 0.155 0.144 0.134 067606160558 OSON 0.4630422003520322022950270022 0.227 020610.191 0176 0.1620149 0.17 0.126 0.116 0107 11 0.650 035 03270475042903 031500-3120.257 0.2610207 0.2151 0.195 0.17 0.162 0.14 0.13 0.12301120.103 0004 0.06 12 0.62505520497 0444 0 1970 156 03192026 027 021 020 0,187 0.168 01520117 0 1240112 0.102. ON2OON 00760069 13 0 601 530) 0469 04156 020 0.200 03256 02290204 0.12 0.16 0.15 0.13001100104 0.09300540075 0.065 0.061 0035 14 0577 0820 0.30 0.299 02000050 01001410212500099 OD 1007%D0062005000014 15 0555040417M2015027502 0200001600,100012000095 00N400740065 0000015 16 0002 00360032002 17 0416020120200210.19 0.100 146 0.13 0.10 OOO 0000OO00525000000000026 002 18 0490416020020012001100011 0.095 00340021 ODIR 19 0415021000022021201940 1041 0.116 OOONOOO70000000000000027002002000170014 20 0,215070.149 0124 0.1040087 0051 0000 000026 0.0220019 016 00140012 21 043901590294 0242 0.19 0.164013501120093 0.0770064005300440017000026 0022 0.015000011 0.00 0422 01202780226 0.100.1210.101 XI. 0660056006010012002600220DIS ODISI 0013 0011 000 0.007 21 04060160.262 02 0.170 0.138 2009 0.014 00000000000033 00270022001 00150012 0010 009 0.0070006 24 0190000247 0.197 0.15 0.1260.102OON20.066 005 004 0035 0.025 002 0.000000 35 0.295 0201840146 0.116 20074005900470000300024 ODMO016100130010 000 0007 26 0161 0.281 0.220 0.172 0.15 0.106 0.084 0.066 0.053 0042003 00260021 00170014001090007 OM 0.004000) 27 0.347 0.26% 0.207016101 0.076000000470037 0.029 0.023 ODIS 0.014ODII 00900X2006 0.003 0.002 28 0333 0055 0.100.150 0.116 0.000 0.0000054 00420.033 0,026 0.0200016 0012 0.010 ODON 0.006 0002 0.002 20 0.121 0.243 0.15 0.141 0.107 0082 0.063 ODI 00170.0290022001700140011 000 0006 0.005 0.14 0003 0.00 0.002 0.002 30 OMS 0.231 0.1740.131 1990.07500570014 0,033 0.026 0020 DOIS0012 0.00900070005 00040003 0.00200020001 40 0208 0.142 0097 0.067 0.0160.0320022 0.01500110008 0.005 0.14 0.003 0.00200010001 0.001 0.000000 10000 0000 0.000 SOSO STO LISTO ZOO ZOO 000001LOOS INDOKOLOD CIDLO KOMIO TOZZO AO OESOMEOSTOSO CISO ZOOHOO MOOISOTO65000000 NOTO METODOLO 16ZOOO NSCOT ZICOLLEO 9SRO WOTLOO 100 CIDO SOOO100 WORD OOO 2000 COOTO-90070 SODO FOTO SEO DO 1600 SOTO FOTO SODO 000 1000 ISO 56 175 NOX I SWLS DEL LENC 1960 6 EXIT 120.2 Present Value of an Annuity of Si in Arrears, //'>> Periods 45 SS 69 75 N 10% 11 124 134 145 15 16' 185 195 215 225 21 245 259 1 0.963 0.952093 0935 0926. 0917 0.9090901 0.893 OSS 0.877000620855084708400O360X20 ONIONOG O.NO HANA 139 1833 1.783 1.759 1736 1713 1.690 166 164716261138515661547 1528 150 1492 1474 1457 1460 3 2275 2673 2624 2577253124821244424022361232222832246 2210 221742,140 2.106 20742042 2011 1.981 1952 4 3382331232403.12031020172974201428552.798 2.743 2.690 26392589254024042448 24042362 5 4432432942124 100 3.9933190 3.2913636055173433335232743.1993.127 3038299129262.8642.800 2.7452089 6 5.2425076 4912 4.767 462448643554231 4.011 3095 3.8893.78436853.589 1498 34103326324531679709210202.951 7 5.00 3.7163325189 5.206 5083 4.868 4.71245644423 42 416040393922312 3.7063005 SOS 3.416 3.32723.161 X 6:73364636210 597157475555533595.14649684 799 46 442 4.34442074078 3.726 3.619 3.518 3.421 3319 7415 17.10 6802 6515 6.24759955277595537 53285.1324946 4.7724.60744514104.163403103378636753566461 10 81117722 710 7024 6.710 6413 0.14559565054265216 5019 4833465949 413914 19140541921.7991623571 11 8.7601.30678872499 71396 DS 6.495620759385/687545152145029883646564486 43274.177 403530237763656 12 93858363 83847.90 75367.161621464926.195918566054215.197 1494.79 4611144942784.1273513725 13 9.986 19.494 8853 835879047472103 675064246.12258235542 SEN 4910 47151453343624203405319120 14 10.5639.99 8.745 82447.767.3626926626026002572546852293006 4.802 4611 4832 4.265 4.1053223824 15 11.11 10.350 19.7129.108 855906762, 191681164626.1523475575332430229276462544943154.1534001 16 11652 TO 101069467 881 282473796970600626533050566555124918 6.730 4316052 489 4.00013882 17 12 16611270 10.4779763 91224 022754971206.729637360475.74954757490 4275457624210 4.0893910 IN 1126 LDX210X150372730 201 770273068401164676.12681339432750134812460 4419 4243 19 12.134 LEONS DE 1030089508.365 000619854773584050 144124204002 3942 20 1359012462117010394951591293310 2017469 7.025 0.02625939295.628 5.353 5101 4370465744042794110 1954 211 140291262111764 10X11001719292764902512562 2103 668763123015665334512749114675 4476429 4121 22 14:4512.16 120121102011442877217676457170 6.7406190134105.149 44 102 103970 13 14357 13 49 123031127210321950 266 2067926.19960431725412 5.167 4.925 14200 44991011173976 24 1524213.70912.550 11469105299.7078.983 834817747235414607357465451 41403981 1157622 14000 12.73 11.45410,675 98239.077 142228400 6X3646060576654675.19547145142 4.1479 26 115143751003 1 120 110 109999.101 N47695 27265049 27 1620 121 121091510622 0.227548 7963 2400665146.116 5.795431514044714452941524150 16 14 3406 20170110 110 60279474416 490 429444115 4157192 29 16941514112215 TO 10 36507706551L50294152441 M 1729215225/40025 1039422 STOSS 2756052299511550245324010 1995 40 1929 190 1911529944761421056612621354166-1999 SOLO OSNE OCCESSOYS ICB NOGORO SOLOSOISS LS 1961 MICHELOS DIENTS SZ 16 ELSER DES ROUES OSMO I COSSOSIERS CS WE 7
