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help please 5 ! of 15 :55:22 Required information The Foundational 15 (Algo) (L012-1, L012-2, L012-3, L012-5, L012-6) [The following information applies to the questions
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5 ! of 15 :55:22 Required information The Foundational 15 (Algo) (L012-1, L012-2, L012-3, L012-5, L012-6) [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,845,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net oper Income in each of five years as follows: Sales $ 2,869,000 Variable expenses 1,126.000 Contribution margin 1,743,000 Fixed expenses Advertising, salaries, and other fixed out-of-pocket costa $ 709,000 Depreciation 569,000 Total fixed expenses 1,270,000 Nat operating income $ 465,000 Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. ok -ences Foundational 12-5 (Algo) 5. What is the profitability Index for this project? (Round your answer to 2 decimal places.) Profitability Index Step by Step Solution
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