Cardinal Company is considering a five-year project that would require a $2,870,000 investment in equipment with a usefu

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answerhappygod
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Cardinal Company is considering a five-year project that would require a $2,870,000 investment in equipment with a usefu

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Cardinal Company is considering a five-year project that wouldrequire a $2,870,000 investment in equipment with a useful life offive years and no salvage value. The company’s discount rate is12%. The project would provide net operating income in each of fiveyears as follows:
Click here to view Exhibit 7B-1 and Exhibit 7B-2,to determine the appropriate discount factor(s) using table.
rev: 05_11_2019_QC_CS-168512
2. What are the project’s annual net cash inflows?
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