Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project requiring a $2,945,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. 4. What is the project's net present value? Note: Round final answer to the nearest whole dollar amount. EHmHr 148-1 Preseut Valae of 51,(4+x41 ExHmirt 148:2 Prosent Value of an Ansuity of SI in Arreans, 1(1+r)1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Cerlads & 4% & 585 & 646 & 745 & 8 & & 10% & IIs & 5 & 13% & 14% & & 16% & 17% & 18% & 1996 & 20% & 21% & 22% & 23% & 24% & 25% \\ \hline 1 & 0902 & 0952 & 0983 & 0935 & 0926 & 0917 & 0909 & 0901 & 0893 & 0885 & 0827 & 0.870 & 0862 & 0855 & 0847 & 0840 & 0.833 & 0.876 & 0820 & 0.813 & 0806 & 0.800 \\ \hline 2 & 1806 & 1359 & 1833 & 1805 & 1783 & 1.759 & 1736 & 1713 & 1600 & 1.68 & 1647 & 1.626 & 1605 & 1.585 & 1.566 & 1547 & 1.528 & 1509 & 1492 & 1.474 & 1457 & 1.440 \\ \hline 3 & 2715 & 2m3 & 2613 & 2.624 & 251 & 2531 & 2487 & 2444 & 2402 & 2361 & 2m & 2283 & 2246 & 2210 & 2.174 & 2110 & 2106 & 2074 & 2012 & 2011 & 1981 & 1952 \\ \hline 4 & 3.610 & 3546 & 3465 & 333 & 3312 & 3740 & 3170 & 3.102 & & 2974 & & & & 2743 & 2690 & 2639 & 2589 & 2540 & 2494 & 2448 & 2404 & 2362 \\ \hline 5 & 4452 & 4329 & 4212 & 4100 & 3993 & 3890 & 3.791 & 3.696 & 3.605 & 3.517 & 3.439 & 3332 & 3274 & & 3127 & 3058 & 2991 & 2.926 & 2864 & 2803 & 2745 & 2.689 \\ \hline 6 & 3282 & 3076 & 4917 & 4767 & 4.623 & 4486 & 4355 & 4231 & 4.111 & 3998 & 3889 & 3784 & 3685 & 3.559 & 3.498 & 3410 & 3326 & 3.243 & 3.167 & 3092 & 3.020 & 2951 \\ \hline 7 & 6002 & 5.786 & 5.582 & 5359 & 5,206 & 5033 & 4868 & 4.712 & 4564 & 4.423 & 4258 & 4160 & 4039 & 392 & 3812 & 3.706 & 3.605 & & 3416 & 3.327 & 3242 & 3161 \\ \hline 3 & 6733 & 6.463 & 6210 & 5971 & 574 & 5535 & 3335 & 5146 & 49 & 4.799 & 4619 & 4487 & 4344 & 4207 & 4078 & 3954 & 3.837 & 3.726 & 3619 & 3518 & 3421 & 3.329 \\ \hline 9 & 7.435 & 7108 & 6.802 & 6315 & 6.247 & 5995 & 5.739 & 5537 & 5328 & 5.132 & 4946 & 477 & 4607 & 4451 & 4303 & 4163 & 4031 & 3905 & 3.786 & 3673 & 3565 & 3.463 \\ \hline 10 & 8111 & 7m & 7360 & 7024 & 6710 & 6415 & 6.145 & 5889 & 5650 & 5426 & 5216 & 5019 & 4833 & 4659 & 4491 & 4339 & 4192 & 4054 & 3923 & 3.799 & 3.682 & 3571 \\ \hline 11 & 8.760 & 8.306 & 7887 & 7499 & 7139 & 6805 & 6495 & 6207 & 59 & 3687 & 54 & 5.234 & 5029 & 4835 & 4656 & 446 & 4.327 & 1n & 4.035 & 3902 & 3776 & 3.656 \\ \hline 12 & 9385 & 8861 & 8.384 & 7943 & 1326 & 7161 & 6.814 & 649 & 6190 & 5918 & 3.660 & 5421 & 5197 & 4988 & 4.793 & 4611 & 4439 & 4278 & 4127 & 3985 & 3851 & 3.25 \\ \hline 13 & 995 & 9394 & & 8358 & 7904 & 7487 & 7103 & 6750 & 6424 & 6122 & 5842 & 558 & 5342 & 5118 & 4910 & 4715 & 4533 & 4362 & 4.203 & 4035 & 3912 & 3.780 \\ \hline 14 & 10563 & 9.899 & 9295 & & 824 & 7.786 & 7161 & 6987 & 66 & 6302 & 60 & 5724 & 5468 & 5229 & 5008 & 4802 & 4.611 & 4432 & 4265 & 4108 & 3,962 & 3824 \\ \hline 15 & 11118 & 10380 & 972 & 9108 & 8359 & 8061 & 7606 & 2191 & 6.811 & 6462 & 6.142 & 3841 & 5375 & 3324 & 5092 & 4876 & 4.613 & 4459 & 4315 & 4.153 & 4001 & 3859 \\ \hline 16 & 1162 & 10835 & 10106 & 9447 & 8851 & 8.313 & 7824 & 7379 & 6974 & 6604 & 6265 & 5954 & 5.668 & 5.405 & 5162 & 4938 & 4.730 & 4536 & 4357 & 4.189 & 4,033 & 3.887 \\ \hline 17 & & 11274 & 1047 & 9761 & 912 & 5344 & & 7349 & 71 & 672 & 6373 & 6047 & 5749 & 3475 & 5222 & 4990 & 475 & 4576 & 4391 & 4219 & 4059 & 3910 \\ \hline is & 639 & 11600 & 10.81 & 10009 & 937 & 8756 & 8.201 & 7702 & 7250 & 6840 & 64 & 6128 & 5818 & 5534 & 5213 & 5033 & 4.812 & 4608 & 1419 & 243 & 4080 & 3928 \\ \hline 19 & 13.134 & 12085 & 11.158 & 10336 & 9604 & 8950 & 8.365 & 7839 & 7.366 & 6938 & 6.550 & 6.198 & 5877 & 5584 & 5316 & 5.070 & 4.843 & 4635 & 4442 & 4263 & 4097 & 3942 \\ \hline 20 & 13590 & 12462 & 11.4%0 & 10594 & 9818 & 9129 & 8514 & 796 & 7469 & 7025 & 6623 & 6259 & 5929 & 5628 & 5353 & 5101 & 4870 & 4657 & 4460 & 4719 & 4110 & 3954 \\ \hline 21 & 029 & 12821 & 11.764 & 10806 & 10017 & 92n & 8649 & 8075 & 7362 & 7.102 & 6.6 & 6312 & 5973 & 5665 & 3384 & 5.127 & 4.891 & 4673 & 4476 & 4292 & 4121 & 3963 \\ \hline 22 & 451 & 13163 & 12.00 & 11061 & 10701 & 9442 & 1772 & 8176 & 7615 & 7170 & 6.743 & 6359 & 6.011 & 5696 & 5.410 & 5.149 & 4909 & 4690 & 4.488 & 4302 & 4.130 & 3970 \\ \hline 23 & 14.157 & & 12300 & 11272 & 10371 & 950 & & 3266 & 7718 & 7230 & 6.792 & 6399 & 6.044 & 5.723 & 5432 & 5.61 & 492 & 4703 & 4499 & 4311 & 4137 & 3976 \\ \hline 24 & 15247 & 1379 & 12350 & 11.69 & 10529 & 9%07 & 1925 & 1345 & 778 & 7283 & 6835 & 6434 & 6.073 & 3746 & 5451 & 5.182 & 4977 & 4713 & 407 & 4318 & & 3981 \\ \hline 25 & 262 & 14000 & 12713 & 11164 & 10675 & 922 & 5011 & 8422 & 7243 & 7330 & 6873 & 6.464 & 6097 & 5766 & 5467 & 5105 & 4918 & 4.721 & 4514 & 4.321 & 4.147 & 3985 \\ \hline 26 & & 433 & 13003 & 11:26 & 10.10 & 9929 & 9161 & & 796 & 7372 & 6906 & 6491 & 6118 & 5783 & 5.480 & 5206 & 4936 & 4728 & 4580 & 4328 & 4131 & 3988 \\ \hline 27 & 330 & 14.643 & 13211 & 1197 & 10935 & 10027 & 9.237 & 18548 & 793 & 7400 & 6935 & 6514 & 6.136 & 5.98 & 3492 & 5215 & 4964 & 4734 & 4524 & 4332 & 4154 & 3990 \\ \hline 25 & 1665 & 14kg & 13406 & 12137 & 11051 & 10116 & 9301 & \begin{tabular}{l} 802 \\ \end{tabular} & & 741 & 6961 & 6534 & 6.152 & 5810 & 5502 & 5223 & 4970 & 4739 & 4528 & 4335 & 415 & 3992 \\ \hline 29 & 169m & is.141 & 13591 & 12.2 & 11135 & 10198 & 9370 & 8.650 & 8.022 & 7.4% & 6983 & 6551 & 6106 & 3820 & 5510 & 5229 & 4975 & 4741 & 4531 & 4337 & 4159 & 3994 \\ \hline 30 & 2292 & 15372 & 13.65 & 12400 & 11238 & 10274 & 9227 & 8694 & 8035 & 7496 & 7003 & 6366 & 617 & 5129 & 5317 & 5275 & 4979 & 4.76 & 4.53 & 439 & 4.160 & w \\ \hline 40 & 9791 & 17139 & 15.046 & |13392 & 11m2 & 1073 & & 8931 & 8:244 & & & 6042 & 6211 & 5871 & 5348 & 5258 & 4901 & 4760 & 4344 & 4347 & 4166 & 3090 \\ \hline \end{tabular}