Cardinal Company is considering a five-year project that would require a $2,755,000 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: $ 2,875,000 1,124,000 1,751,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 721,000 551,000 1,272,000 $ 479,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. 6. What is the project's internal rate of return? Project's internal rate of return % Present Value of 1 11 SSKO 6 SSSO Periods 49 S 64 75 89 94 105 125 133 145 155 16 175 189 19 205 214 22 2350 244 254 1 0.962 10.952 0943 09350 926 0917 0.9090901 08930.885 0877 0.870 08620835 0.847 084008330.826082001308060 800 0925 0.9070890 0.873035708420826 0812 0.797 0.7830.769 0.756 0.743 0.731 0.7180.706 06940683 0672 0.661 0.650 0.640 3 08890 864 0.8400X160.7940.772 0.751 0.731 071206930.675 065 0,641 0624 0.89 0593 0.579 0.566 OSS! 0.537 0.524 0.312 4 0.823 0.7920.763 0.735 07030663 0.659 0636 06130.5920572 0.552 0534 05160499 0 4X2 046704510437 0423 0.410 5 0.822 0.784 0.77 0.7130681 07650 0.621 0.593 05670543105190497 0.4760456 0437 04190.602 036 0370035503410328 6. 0.790 0.746 07050 666 0630 0.59603640515 0507 0 4800455 0.432 0.4100390 0.70 0.3520.33503190.303 0.2590275 0.262 7 0.7600211 0650.623 0.58305470513 0.4820452 04250-40003760356 0313 0.3140296 0.279 0.263 0.2490.235 0.22 0.210 0.73106770.6270.582.0 540 0.502 0467043404040.3760 351 0327 030502850.2660249 02330218 0.204 O 1910.179 0.168 0.70306450.59205405000 460 0424 0.391 0.361 0333O.BON 0.2840263 0.24 0.225 0.200 0194 0.100.160.1550.146 0.134 10 0676 06140558 0.508 0.40 042203860352 0332 0.295 0.270 0.247 0227 0.208 0.191 0.176 0.162 0.149 0.137 0.126 0.116 0.107 11 0650 0.55 05270475 0429 0388 035003170.2870.261 0.237 0.2150 195 0.178 0.1020.148 0.135 0.121 0.1120.10300940086 12 0.62505570/97 044407 0.356 01191026 0.257 0.21 0.206 0.1% 0.16 0.152 0.1370 1240.112 0.102 009200300760069 13 0.601 OSN 040 0415 0.368 0326 0290028 0.229 0204 0.162 0.16301450 1100.116 0.1000093 0.04 00750068 0.061 0055 14 0.3770 30504420383 0300 0.299 026 0232 0.205 0.18 0.160 0.11 0.125 0.11 0.099 0.088 0.07 0.000620.035 0.049 0.044 15 04810417 0362031502750239 0.209.13 0.1600 1400.1330 1080095 0.084 0.07400650057 0.051 0.045 0.040 0035 16 0534 04580194 0179 0.292022520218 0.1880.163 0.141 0.12 0.1070093 001 0.071 00620.054 0.047 00420.036 0.032 0028 17 0.4360 371 0.317 0.2700231 0.19 0.170 0.146 0.125 0.105 0.093 O OSO 0.00 0.060 00520045003900100100026 0.023 1% 0.494041603500.296 025002120.180 01530 130 0.111 0.095 DONT 0.0690059 0.051 0.044 10.035 0032 0.02 0.0240021 0018 19 0475 0.396 0331 0.272 0.212 10.1940.164 0.138 0 116 0.000700060 0051 0043 0037 0.031 0,027 0.023 0.0200017 0.014 20 0.456 0377 0.3120.2580215 0.178 0149 1240 104 0.05700730.061 0051 004 0037 0031 0026 0.022 0.0190016 0.014 0.012 21 0439 0.359 0 29 02426.199 0.164 0.135 0.112 0.093 0077006400004400370031 0026 0.0220018 0,015 0,013 0.0110.009 22 04220.342027302260.186.150 0.125 0.101 0.0R) 0.06 056 00:16 0038 0.032 00260022 0013 001 0.009 0.007 0.4060 1260.262 0.211 0.170 0.112009100740000000000220022001 0.015 0.0120.010 0.0090.007 0.006 24 0.390 03100 2470 197 0.158 0,1260.102 0.02 0.006 0053 0.020023019 001500130010 0.008 0.007 0.006 0.005 25 0.375 0295 0233 0.184 0.146 0.116 0.092 0038 0.01600130010 0.009 0.007 0.006 0.005 0.004 26 02361 0281 0.220 101172 0.135 0 1060084 00660530.062 003 0026 0.021 0.017 1 0.014 0011 00007 0.006 00050004 0.003 27 0.7022650 2070.161 0.125 0.00076 0.007002 00200 O OIR 0.014 0011 0.0090.007 0.000 0.005 0.00 0.003 0.002 28 0.33302550.1960.150 0.116 0090 0.009 0.0004 0.033 0.0200.016 0.012 1 0010 0.000006 0.005 0.0040.003 0.002 0.002 29 0321 021 OTRS 0141 0.107 0.082 DS 10.048 0.037 0.0290022 0.017 001400 0.00 0.0080.000 0.002 0002 30 03080231 0.174 0.131 07099 0.075 0,057 00 00330026 0030 0015 00120009 0.007 0.005 0.000000 0.003 0.002 0.002 0.001 40 02080.142 0097 0.06200460032002200151 0.00% 0005 ODOB 000 0.002 0.00100010001 0.000 0.000 0.000 0.000 CISO NO 9500 SIOONIDO MEIO S100ETOO L006501000 DOO OVOOOO 9200 2000 SOTO 20010 COTO 0000 1561 19 CHORO 00 10 $ 9. CD SOLLIRSETTEM 001 0 SHOE SUISSE SNS Periods 49 34 6 70 94 105 114 125 13 149 154 17% 18 20% 214 129 20 0762952091 0915 0.9269170000001 0.893085 07 08700 OSS OM? 0.40 OR) ON260120 2 1. 1.859 1. NON 1.736 173 10X108 16616051SNS 15661542 1.52 1492 14141457140 3 23:52:23 2675 24 23 224 22/1074022122222322422102742,140 2,106 20742222 4 3760546 ESSER123.240.17010237037194291425527269020925 950 1942424002162 445 4,1294421241003991 3.890 3.791 3663 IS15173.3523214199 31272.99129264201272452689 3242504917 4.767 4.623 44 135542111113.7843491210333261245.162/1092 020 2.951 2 37N6352535316 SDNON 124,564442 42 3605 5416311423161 6.733 6.46362103921574715553335 5.1464194194424604.2012 407 1.954 3X873726 W610331842113129 7.4357. TOK 6.02 6515624739935759558752 15.1324.94647724.607 4.41 4.10 4.163 40139033036753.5063463 10 8112722760246.710 64166.145588956503426 5.216510194433 4.659 4.49.14 4.192453.92393.682 371 11 8.760 MKIO 7.74997119 6.NOS 6,495 16.20739567345032145 4M 4.656 441 4327 474015 19023776 1656 12 8263 3847,1 753671616.81464926.1945918 5.6054213.192 4.9474611 44194.274.127 13 9.99394 8.8533587.904 7487 17.103675064246122584255333425.11849104.71545134.362 4.23 405912.780 14 10.56398999295 8.745824477867.36769826,628 6302 6.002572413.4685.229 SDON 4.02 4611 44324.265 4.105 39623.834 15 11.11 19.712 9.10 R.5591061 7.6067.1916116.462 6.14258475.575326 5.092 4.676 46754489 4.15 4.1534/001 3859 16 11652 TON 10.10694447 BUSIN7824779 6974 6,6046.225 59545.668 34055.162491547304541415241894023 3887 12 12.3661274 10.4729709.1228544 802275497.1206229633675749 3.4755224.90477545764 42194959 3.910 18 12659 11.090 10821070599.372 8.756.2017 70272506KLO 6.461 6.123818353452735033 48124.60 4.4194244.080392 19 13.13412085 ALIS 10.3369604 8.950836578397.3666.93 6.5506.19838775.584331650704843 4.63544424.263 4.097 3042 20 13.50 12.46211470 10.5949XIN 9.129151479607469 17025 6.6236.2595.9295628 51535.101 1487047657446042794.110 3954 140291212111316610636 100120202 8.649 8025 7.562 2.102 668703125.9735.6655384 5.127489146754476 292 4.121 396 22 14451 13.16312042 11.061102019,462 772 176 7.6452,170 6.7436359 60115410 5.109400904A4302 23 14.857 1489 112.30311 272 103719.50 883 7.71822306.792639960845725402 5.764925 4.2036.499 4.311 4.137 3076 15.247 13.799 1235011409105299.7078958348 7.284723 683564346.0735.746 5451 5.1824937 4.713431243184.133981 15 1576214.000 11650 10675923907222784330636464675.76654625.1954948 4.7214514524.147 3983 15114.375 13700 1.826 10. NO9929 19,161 2.96737269 6.4916,11% 57S AND 5 205 4.9564.72 4.151 27 16.30 146430321111967 10,935 T00229.237.17943246,985 6.5146116 5.798549252151496447345242.154 1000 28 16.663 1498 13 46 12.137 11051 10.1169/2017 8602798824416,961 6.554 6.1523.81035025.2234970 4.73945284,335 4.157 3992 29 16.984 15.141 13.591 12.278 11.158 10.1989.37086508.022 7470 6.983 6.5516166 5.820 510 5.229 49754.743 4531 4337 4.159 3.941 10 17.292 15:372 13.765 12.409 11 258 10 2709/42740574967003656661725.82935125225499 4.746 1453443194.160 1995 00 19.29 17.159.1314632 11925 10.757 9.7793931 2017.1056642 6230587155X52584097 4750 4.51444474.166.1999 12 NEDET 90 12 NEETIDEST 361 90 Cardinal Company is considering a five-year project that would require a $2,755,000 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: Sales $ 2,875,000 Variable expenses 1,124,000 Contribution margin 1,751,000 Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs $ 721,000 Depreciation 551.000 Total fixed expenses 1,272,000 Net operating income $ 479,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. 7. What is the project's payback period? (Round your answer to 2 decimal places.) Project's payback period 2.70 years Cardinal Company is considering a five-year project that would require a $2,755,000 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: $ 2,875,000 1,124,000 1,751,000 Sales Variable expenses Contribution margin Pixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Not operating income $ 721,000 551,000 1,272,000 $ 479,000 Click here to view Exhibit 148-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using table, 3. What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimal places.) Simple rate of return % Cardinal Company is considering a five-year project that would require a $2,755,000 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: $ 2,875,000 1,124,000 1,751,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costa Depreciation Total fixed expenses Not operating income $ 721,000 551,000 1,272,000 $ 479,000 Click here to view Exhibit 148-1 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 50%. 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.) Net present value Cardinal Company is considering a five-year project that would require a $2,755,000 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: Sales $ 2,875,000 Variable expenses 1,124,000 Contribution margin 1,751,000 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 721,000 Depreciation 551,000 Total fixed expenses 1,272,000 Net operating income $ 479,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table 14. 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 project's actual payback period? (Round your answer to 2 decimal places.) Payback period years Cardinal Company is considering a five-year project that would require a $2,755,000 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: $ 2,875,000 1,124,000 1,751,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costa Depreciation Total Lixed expenses Not operating income $ 721,000 551,000 1,272,000 $ 479,000 Click here to view Exhibit 148-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. 15. 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 project's actual simple rate of return? (Round your answer to 2 decimal places.) Simple rate of return %