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i am confused! Required information The following information applies to the questions displayed below Cardinal Company is considering a five-year project that would require a

image text in transcribedi am confused!
Required information The following information applies to the questions displayed below Cardinal Company is considering a five-year project that would require a $2.915,000 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 operating income in each of five years as follows: Sales Variable expenses Contribution margin Pixed expenses 2,746,000 1,126,000 1,620,000 Advertising, salaries, and other tixed out-of-pocket costs Depreciation 615,000 583,000 Total fixed expenses Net operating income 1,198,000 422,000 Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factorts) 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 discount factor(s) to 3 decimal places, intermediate calculations and final answer to the nearest whole dollar amount.) 8 Answer is complete but not entirely correct. (12.310)

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