References eBook & Resources Worksheet Learning Objective: 11-01 Determine the Learni payback period for an investment. Difficulty: 2 Medium Learning objective: 11-02 Evaluate the Learni acceptability of an investment project using the net present value method. 0.66 points Click here to view Exhibi 11E 2. to determine the appropriate discount factor(s) using table. 3. What is the present value of the project's annual net cash inflows? (Use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) Present value 5 30.695 Required Information Cardinal Company considering a project that would require a $2,890,000 Investment In equipment with a userul life of TNe years. At the end of five years. the project would teminate and the equlpment would be sold for its salvage value of $200,000. The :ompany's discount rate is 12%. The project would provide net operating income each /ear as follows: Sales 2739.000 Varlable expenses 1100,000 Contribution margin 639.000 Fixed expenses. Advertising, salaries, and other fixed out-ofpocket costs 641,000 Depreciation 538.000 Total fixed expenses 79,000 460.000 Net operating Income