Required information The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2.870.000 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: 5 $2,861,000 1.101.00 1.760.00 Sales Variable expenses Contribution margin Fies Advertising, salaries, and other fixed out-of-pocket costs Deprecat Total Fixed expenses Net operating income 205.000 524.00 1.219,00 481.000 Click here to view Exhibit 148.1 and Ext. 1482. to determine the appropriate discount factors) using table. 13. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50% What was the project's actual net present value? (Negative amount should be indicated by a minus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.) mentan DIT NOW of SIL 2012 STOM COELO 2 90 4 5 0 7 CO UNO O O 0 os 11 12 10000000 2500 COLD NO 80 15 ON ON 129 ws 21 22 23 20 0.92 0.952 00030935 096 090 0000 0.901 019 005 007 0.87000055 0.3 0.0000 0026 0.1200001060300 0.95 0.907 190 003 DUST 00430120 02 0797 0.03 00 06 03 02 01 0.0006 068 067 0.01 060 0640 O 0164 0.01003 07 02 05 0.72 0.03 0675050 0541 0624 0.000 0 057 0564 055 05 0534 050 6365 0133 0.9 0.7 0735 0700 033 06 0.00052 0512052 0534 0.56 0.4 0.412 0467041 00 00 00 0822 04 0347 070 0.00 0.00 0.21 03 050 0.54 0.519 0497 02 050 00 0.00 0.00 0.00 0.00355 0020 0.90 076 0705 06060630056 054 055 0507 0.400 0.56 0.432 000 0.30 0.370 0352 0335 0.31 030 0.209 0.275 0.202 0.760 01 0.6 0.623 0.57 00 00 0.450 0425 0.00 0.370 0354 03 0.21 0.29 0.279 0263 0249 023 0222 0.210 0731 06770627 05820540 0.502. 0.467 0434 0461 0376 0351 0.32 0.30 0.20 0.20 0249 022 021 0204 07010790 07030645 0.592 056 0.500 460 0424 0.3 0.361 033 03080204 0.263 0203 0225 0.2090140.180 01550004 0.6760614 058 050 049 0422 0.386 0.352 0322 0.295 020 027 021 020 0191 010020 00100006 007 0650 05050527 0.475 0.429 020 021 0261 0237 0.2150195017020 0050123 0102 0.03 0.054 00 0625 0557 0.437 0424 0.39 0.356 026 0257 02 62010387 ON 0152 007 0124 012 0 601 0530 04590615 0.368 0.326 02000288 0229 0204 02 0163 0:15 000 0.0004 0000 0004 005 006 0.0010055 0577 0.505 0402 0.388 0.340 290 0.20 0212 0205 0181 0125 01 0000 0000 000 000 0002 0055 004 004 0.565 0.18 0.417 0.362 0.3150275: 0230 6200 01230108 0.095 0084 0.00.005 0.05% 0.051 064500400035 0.534 0.450 0.394 0.309 0292 02520 2100198 0163 0141 0.023 N 0090 0.001 007 0052 0054 0.06 0042003600320025 050) 0.06 0.171 0.317 0270 0231 01 00170 0140 0125 000 0.000 0.000 0.00 0.000 0052 0045 0.000 0.034 0000 0021 0023 0494 0.4160350 0.295 0.250 622 080 0153 0.005 0.081 0.000 0.059 0.051 0.04 0.00 0.002 0028 0.034 002 0010 0.475 0.356 0.31 0.277 0232 064 0154 On 0098 0.03 0.07000600051 000 00 00 0027 0023 0020 000 000 0.456 0377 0.312 0.250 0.250.000 0124 0104 0087 073 0.001 0.051 000 007 0031 0.026 0022 0.01 0.000000 0.000359 0.294 0.2420199 OM4 015 011 00 0.077 0064 0.053 0.04 0.03 0.031 0026 0022 0.01 0.015 000 0.0000 0.022 0.342 0.278 02260154 0.1500123 0101 0003 0068 0.056 0.046 0.033 0032 0.026 0022 0.000015001300 0.0090001 0.400 0.326 0.262 0211 0170 012 001 0074 0000 0.049 0.040 0.033 0.027 0022 0.018 00150012 0.000 0.000 000 0006 0.390 0310 0247 0197 0158 0.026 0.102 0.002 0.066 0053 000 0.035 0.028 0.023 0.0190015 000 0010 0.00 0.00 0.006 0.005 0.375 0.295 02330134 0146 0.116 0.092 0.034 0059 000 0038 0000 0024 0.0200.00 0.00 0.00 0.00 0.00 0.00 0.0050004 0.31 0.281 0.220 0172 01350306 0004 0.066 0.053 0.042 0033 0.025 0.021 0.007 0.014 0.01 0.000 0.00 0.006 0.005 0.004 0000 03470268 0.207 0:01 0125 0.00 0.076 0.000 0.00 0.037 0.029 0023 0.01 0.014 0.011 0.000 0.007 0.005 0.005 0.004 2003 2002 0.333 0255 0196 0150 0116 0.090 0009 0054 0002 003 0026 0.020 0016 0.012 0.010 0.008 0.006 0.005 0.004 0.003 0.0000002 0321 0243 0185 0.01 0.07 0.002 0.003 0048 0.037 0.029 0.022001 GON 001 0.008 0006 2005 2004 000) 0.002 0.002 0.002 0308 0210174 011100990075 0.057 0.01 0.033 0.026 0.020 0015 0012 0.000 0.007 0.005 0000 0000 0000 0002 0.002 0001 ANOS 0000 0.000 0.000 0.000 0.000 O 0950 OTO LOCO 16 HO 0010 RID 20 5510 SCO | ETF MBy 3 22 EZ 3010 24 25 OZ 27 28 29 E KOHIBIT bent van harte we 19 0 OVED C 80 077 000 OCH HITELESE 2 SES ALS Tos 20 OL ISE BISS 9 Periods 55 15% es th 206 21 22 23 0.9520952 053 09350925 0.90 09090901 0110 016 087 00 00355 0347 00 00 00 00 0.00 0.00 2 1606 1600172 175 176 1770 16001001641 426 60 55 56 57 520 1500 a 2775 27 2.07 2624 2577 250 2.42 244 2402 236 2322 223 224 2210 211 2340 2006 2004 20030 4 1993 3.570 350 1465 1383 33023200 100 3102 1037 2.974 2954 2055 2790210 2090 2039 259 2540 2454 2445 2.404 2:36 5 4453 39 300 301 3000 3605 3317 143 3352 3274 335 32 650 2995 296 2051 2001 276 265 5205076 1902 16234000 399 380 3:154 1885 359 340 3410 320 334 367 1092 3020 2954 3.00257965.582 5320 5206 5033 470 4564 402 403 40403 3522 103706 2505 2500 2496 232713019 6733 6653 6.210 59 55 55696479464744207072954 11726369 151 1039 9 70 2002 655 5.995 5359 5537 528 502 54m2 607 4300 430 47 2905 2706 273508109 2.1 2722 7350 7024 670 6. 6145 5899 3850 S5280 019 48334659 449 492 4054 1923 379 10123571 8:50 3.3007887 249 700 6305 4566 207 3000 575453 5234 5029 48364656 416 432727 4035 193770146 9355 306 304 750 25 601492 614 590 5600 501 5197 1797401 402 4037 1905111725 9.500 9.394 353 7504 24 7903 6.250 6.424 125.6425535518 1910 47154530 4342034053 1901780 14 10.563 999 9.295 2145 7286 7357696628602 6003572454585229 50084302 4462 4205 1906 1903 304 15 18 10.00 9702 9300 8.550 7608 7191 6811 6062 642 58475575524 5.092484675419 425 4001115 102 10390 000 9.40 BUS 7824 7379 6914 600 62055954 5660 505 51522938 470 456 457 419 2001 TT 12.56 11274 0.6 9.703 9:02 8.544 3:022 7519 120 672 6.0 6.0075749 505 5292 4900 4775 45 429 4214059 1910 12.659 1690 10.828 059 972 0758 201 27027250 340 657 628 58105534 525073 40 450 49 420 2000 1999 3.134 091358 99300 9604 B 950 8.365 789 7366 6938 65506198577551845.7165000 454 455 42 4253 4097 1942 20 150 12.462 11470 10.598 9.00 9120 251 252 7469 70258626259 5029 562 563 5101 40 4229490 1954 21 14.029 12.501 1250 10360 9.292 8649 1075 2562 702 8.607 67259735.665 524 512 9914675 476 292421 2563 22 1200 12001 10 201 9442 am 176 655 710 6706359 075606 5.40 5500 4900 4000 4300190 370 23 1957 3.499 2.303 7272 37950 8883 3206771 22306,752 699 0057 502 5367 4925 703 603 24 15 247 799 2.550 146990.529 9.707 S 8348 2704 7280 6.835 6.434 607 5745 56 5152437507 4139 35 15.622 012785164 06759123 9077 432 1943 73306872 6464 0975766 54675155 448 4721 451 4240 26 15 980 1975 1000 1526 0.810.929 9.163 276 2372 6905 6.491 6115783 5.460 5.200 956 720 4520 420 43900 27 1633014601211 1987 1986 1027 937 8.518 7500 7400 6.935 6.54 6136 5796 5.492 525 964 4731 454 432 41541900 28 90 602 7982401 6.961 0534 6152 5.80 5.502 5223 4920 479 4520 433 45192 29 984 15.41 13.591 12278258 9,370 3850 3022 7470 6983 6551 64065.820 5.50 5.229 975 4750 T 4952994 30 17292 15.372 1.765 12.400 250 9.055 74967000 6.500 67029 5.0 52 499 274 4534 430 43601006 76347705 6625725821 5.50 5.258 49974750 4544 43474956 1995 1903 DIE EST 6 of 1997 OUT ELEI IS 15 SET Y B 585 Sast SET 50 LOS 10 DE 9000 1999 SOC