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Cardinal Company is considering a project that would require a $2,890,000 Investment in equipment with a useful life of five years. At the end of

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Cardinal Company is considering a project that would require a $2,890,000 Investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $200,000. The company's discount rate is 12%. The project would provide net operating Income each year as follows: $2,739, eee 1,100,000 1,639,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $641,000 538, e39 1,179, eee $ 460, eee Required: What are the project's annual net cash inflows? Annual net cash inflow

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