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The Foundational 15 (Algo) [LO12-1, LO12-2, L012-3, LO12-5, L012-6] The foltowitg thitormation applies to the...

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Accounting

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The Foundational 15 (Algo) [LO12-1, LO12-2, L012-3, LO12-5, L012-6] The foltowitg thitormation applies to the questions displayed below] Cardinal Company is considering o 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 18%. The project would provide net operating income in each of five years as follows: 13. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio. Which actualy turned out to be 45%. What was the project's actual net present value? (Negative amount should be indieated by minus sign. Round intermediate calculations and final answer to the nearest whole dollar amount)

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