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of 15 [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,755.000 investment in

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of 15 [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,755.000 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 Sales $ 2,875,000 Variable expenses 1,124,000 Contribution margin 1,751,080 Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs $ 721,000 Depreciation 551,080 Total fixed expenses 1,272,000 Net operating income $ 479,000 Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) 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 intermediate calculations and final answer to the nearest whole dollar amount.) Answer is complete but not entirely correct. Net present value 154,503

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