Question: Cardinal Company is considering a five-year project that would require a $2,765,000 investment in equipment with a useful life of five years and no salvage

Cardinal Company is considering a five-year project that would require a $2,765,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows: Sales Variable expenses $ 2,851,000 1,150,000 1,701,000 Contribution margin Fixed expenses: Advertising, salaries, and other fixed out- of-pocket costs Depreciation $ 670,000 553,000 Total fixed expenses 1,223,000 $478,000 Net operating income Click here to view Exhibit 128-1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using table. Foundational 12-6 (Algo) 6. What is the project's internal rate of return

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