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Required information [The following information applies to the questions displayed below] Cardinal Company is considering a five-year project requiring a $2,810,000 investment in equipment with

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Required information [The following information applies to the questions displayed below] Cardinal Company is considering a five-year project requiring a $2,810,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: Click here to view Exhibir 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using table. 6. What is the project's internal rate of retum? EXRIBIT 148-1 Prenent Vahe of 51;(1+r)n1 Proinet Value of ae Anneity er 51 is Arran; r1[1(1+r)n1]

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