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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 $3,025,000 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 $3,025,000 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: $ 2,737,600 1,001,800 1,736,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 610,000 605,000 1,215,000 $ 521,000 Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table. 4. What is the project's net present value? (Round final answer to the nearest whole dollar amount.) Not present value

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