Question: Answer Please??? Cardinal Company is considering a project that would require a $2,915,000 investment in equipment with a useful life of five years. At the

Answer Please???

Answer Please??? Cardinal Company is considering
Cardinal Company is considering a project that would require a $2,915,000 investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $300,000. The company's discount rate is 12%. The project would provide net operating Income each year as follows: Sales $2, 746,000 Variable expenses 1, 126, 090 Contribution margin 1, 620,000 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $615,090 Depreciation 523,090 Total fixed expenses 1, 138, 030 Net operating income $ 482,090 Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables. Required: What is the present value of the project's annual net cash inflows? (Round discount factor(s) to 3 decimal places and final answer to the nearest dollar amount.) Present value

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