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Part $4$ of $15$

Required information

$[$The following information applies to the questions displayed below.$]$

Cardinal Company is considering a five$-$year project that would require a $$2,975,000$ 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:

$0\mathrm{.}33$

points

eBook

Print

Sales

Variable expenses

Contribution margin

$$2,735,000$

Fixed expenses:

Advertising, salaries, and other fixed outof$-$pocket costs

Depreciation

$[$$$735,000],[595,000]$

Total fixed expenses

$\backslash$table$[[1,330,000$