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! Required information Cardinal Company is considering a five - year project that would require a $ 2 , 9 5 5 , 0 0

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Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operating income in each of five years as follows:
\table[[Sales,,$2,865,000
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