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Required information The Foundational 15 (Algo) [LO12-1, LO12-2, LO12-3, LO12-5, LO12-6] (The folliowing information applies to the questions displayed below.) Cardinal Company is considering a

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Required information The Foundational 15 (Algo) [LO12-1, LO12-2, LO12-3, LO12-5, LO12-6] (The folliowing information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,845,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 128.1 and Exhibit 128-2, to determine the oppropriate discount foctor(s) using table. Foundational 12-6 (Algo) 6. What is the project's internal rate of return? Required information The Foundational 15 (Algo) [LO12-1, LO12-2, LO12-3, LO12-5, LO12-6] [The following information applies to the questions displayed below] Cardinal Company is considering a five-year project that would require a $2,845,000 investment in equipment with a useful life of flve years and no salvage value. The company's discount rate is 12%. The project would provide net operatin income in each of five years as follows: Click here to view Exhibit128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. Foundational 12-6 (Algo) 6. What is the project's intemal rate of return? XIIIATT 12B-2

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