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Required information [The following information applies to the questions displayed below.] Cardinal...

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Accounting

Required information
[The following information applies to the questions displayed below.]
Cardinal Company is considering a five-year project that would require a $2,805,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows:
\table[[Sales,$2,741,000
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