Required information [ The following information applies to the questions displayed below. ] Cardinal Company is considering
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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:
Hint Use Microsoft Excel to calculate the discount factors
a What are the project's annual net cash inflows?
Annual net cash inflow
b What is the present value of the project's annual net cash inflows? Round discount factor to decimal places
Present value
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