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! Required information [ The following information applies to the questions displayed below. ] Cardinal Company is considering a five - year project that would

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Required information
[The following information applies to the questions displayed below.]
Cardinal Company is considering a five-year project that would require a $2,860,000 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:
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table.
What is the project's internal rate of return?
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