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Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment...

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Accounting

Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows:
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table.
Foundational 12-4(Algo)
4. What is the project's net present value? (Round final answer to the nearest whole dollar amount.)
Net present value
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