Question: Cardinal Company is considering a five - year project requiring a $ 2 , 7 5 0 , 0 0 0 investment in equipment with

Cardinal Company is considering a five-year project requiring a $2,750,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operating income in each of five years as follows:
\table[[Sales,,$2,849,000
 Cardinal Company is considering a five-year project requiring a $2,750,000 investment

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