Fast answering please and Do Not Give Solution In Image Format And please explain proper steps by Step [The following information applies to the questions displayed below.]Cardinal Company is considering a five-year project that would require a $2,812,000 investment in equipment with auseful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operatingincome in each of five years as follows:SalesVariable expensesContribution marginFixed expenses:Advertising, salaries, and other fixed.out-of-pocket costs$ 798,000562,400$ 2,855,0001,010,0001,845,000DepreciationTotal fixed expenses1,360,400Net operating income$ 484,600Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table.Answer is complete but not entirely correct.Net present value$ 283,653Foundational 12-13 (Algo)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 45%. What was the project's actual net present value? (Negative amount should be indicated by aminus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.)

Net present value method : - It is one of the capital budgeting method. It is defined as the…

Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, thich actually turned out to be 45%. What was the project's actual net present value? (Negative amount should be indicated by a inus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.) Answer is complete but not entirely correct. et present value S 283,653

Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, thich actually turned out to be 45%. What was the project's actual net present value? (Negative amount should be indicated by a inus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.) Answer is complete but not entirely correct. et present value S 283,653

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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