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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

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Required information
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Cardinal Company is considering a five-year project that would require a $2,975,000 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:
\table[[Sales,,$2,735,000
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