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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 16%. The project would provide net operating income in each of five years as follows Sales Variable expenses $ 2.863,000 1,014,000 1,849,000 Contribution margin Fixed expenses Advertising, salaries, and other 781,000 583,000 fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income 1364.000 $ 485.000 Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using tables

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