Question: Cardinal Company is considering a five - year project that would require a $ 2 , 9 5 5 , 0 0 0 investment in

Cardinal Company is considering a five-year project that would require a $2,955,000 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:
\table[[Sales,,$2,871,000
 Cardinal Company is considering a five-year project that would require a

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