. connect ACCOUNTING tional 15 - Chpt 11 Extra Credit Questions 1-15 (of 15) Cardinal Company is considering a project that would require a $2,815,000 investment in equipment with a useful life of flive years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. The company's discount rate is 16%. The project would provide net operating income each year as follows: Sales Variable expenses $2,863,000 1014,000 1,849,000 Contribution margin Fixed expenses: Advertising, salaries, and other fxed out-of-pocket costs Depreciation 781,000 483,000 1,264,000 Total foxed expenses 585,000 Net operating income 0.50 points 6 MacBook Air
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