Question: please answer ASAP Cardinal Company is considering a project that would require a $2,890,000 investment in equipment with a useful life of five years. At
Cardinal Company is considering a project that would require a $2,890,000 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 $200,000. The company's discount rate is 12%. The project would provide net operating income each year as follows: $2,739,800 1,1ee, eee 1,639, eee Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $641,000 Depreciation 538, eee Total fixed expenses Net operating income 1,179, eee $ 460,880 Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables Required: What is the project's net present value? (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) Net procent value
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