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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 $2,500,000 investment in

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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 $2,500,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating Income in each of five years as follows: $2,853,000 1,200,000 1,653,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $790,000 500,000 1,290,000 $363,000 Click here to view Exhibit 148-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using table. 6. What is the project's internal rate of return? Project's internal rate of return %

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