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Required information (The following information applies to the questions displayed below) Cardinal Company is comsidering a five-year project that would require a $2.975,000 investment in

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Required information (The following information applies to the questions displayed below) Cardinal Company is comsidering a five-year project that would require a $2.975,000 investment in equipment with a useful iffe of five years and no salvage value. The company's discount rate is 14%. The project would provide netioperating income in each of five years as follows. Click here to view Extibit 481 and Exhibit 148-2 to determine the appropriate discount factor(s) using table 6. What is the project's internal rate of return? (Round your answer to nearest whole percent)

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