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Cardinal Company is considering a five-year project that would require a $2,812,000 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 $2,812,000 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: Click here to view Exhibit 14B-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using table. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio hich actually turned out to be 45%. What was the project's actual net present value? (Negative amount should be indicated by inus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.) Cardinal Company is considering a five-year project that would require a $2,812,000 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: Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using table. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense rat hich actually turned out to be 45%. What was the project's actual payback period? (Round your answer to 2 decimal places.) Cardinal Company is considering a five-year project that would require a $2,812,000 investment in equipment with a useful life of flve 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: Click here to view Exhibit 148-1 and Exhibit 148-2, 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 ratic which actually turned out to be 45%. What was the project's actual simple rate of return? (Round your answer to 2 decimal place

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