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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 $2,945,000 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 $2,945,000 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: Sales $ 2,873,000 Variable expenses 1.019,000 Contribution margin 1,854,000 Fixed expenses Advertising, salaries, and other fixed out-of-pocket costa $ 754,000 Depreciation 589,000 Total fixed expenses 1.343,000 Net operating income $ 511,000 Click here to view Exhibit 128-1 and Exhibit.128.2. to determine the appropriate discount factor(s) using table, 13. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 45%, What was the project's actual net present value? (Negative amount should be indicated by a minus sign. Round Intermediate calculations and final answer to the nearest whole dollar amount.) Net prosent value

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