what is the projects simple rate of return for each of the five years?

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 operating income in each of five years as follows: provide net Part 8 of 15 $2,746,000 1126,000 1,620,000 Contribution margin Pixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation s 615,000 583,000 Total fixed expenses Net operating income s 422,000 Click here to view Exhibit 13B-1 and Exhibit 138-2.to determine the appropriate discount factors) using table. 8. What is the projects simple rate of return for each of the five years? (Round your answer to 2 decimal places.) Next >