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[The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with

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[The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,915,000 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 operatin income in each of five years as follows: Sales $ 2,746,000 Variable expensen 1.126,000 Contribution margin 1,620,000 Tixed expenses Advertising, salaries, and other fixed out-of-pocket costs $ 615,000 Depreciation 580,000 Total tixed expenses 1.198,000 Bet operating income $ 422,000 Click here to view Exhibit.128.1 and Exhiblu12B-2. to determine the appropriate discount factor(s) using table. 3. 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 50%. 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.)

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