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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
Required information
The following information applies to the questions displayed below.
Cardinal Company is considering a fiveyear project that would require a $ investment in equipment with a
useful life of five years and no salvage value. The company's discount rate is The project would provide net operating
income in each of five years as follows:
Click here to view Exhibit B and Exhibit B to determine the appropriate discount factors using table.
What is the project's internal rate of return?
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