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Ch 14F15 (i) Part 6 of 15 0.33 points Print...

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Accounting

Ch 14F15
(i)
Part 6 of 15
0.33
points
Print
4
Required information
[The following information applies to the questions displayed below.]
Cardinal Company is considering a five-year project that would require a $2,975,000 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:
Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table.
6. What is the project's internal rate of return? (Round your answer to nearest whole percent.)
Project's internal rate of return
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