Question: please answer quickly! Required information The following information applies to the questions displayed below Cardinal Company is considering a five-year project that would require a

 please answer quickly! Required information The following information applies to theplease answer quickly!

Required information The following information applies to the questions displayed below Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales Variable expenses Contribution margin Fixed expenses 2,746,000 1,126,000 ,620,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation 615,000 583,000 ,198,000 Total fixed expenses Net operating income 5 422,000 count factorts) using table. Click here to view Exhibit 138-1 and Exhibit 138:2, to determine the appropriate dis 14. Assume a postaudit showed that all estimates (ncluding total sales) were exactly correct except for the variable expense which actually turned out to be 50%, what was the project's actual payback period? (Round your answer to 2 decimal places) Payback period years

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