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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
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 Sales Variable expenses Contribution margin Fixed expenses: $2,737,000 1,001,000 1,736,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $ 610,000 605,000 001,215,000 Total fixed expenses Net operating income $ 521,000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table What is the project's net present value? (Round discount factor(s) to 3 decimal places and final answer to the nearest whole ollar amount.) Net present value
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