Maurice Tutor

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    Argosy University/ Phoniex University/
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    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 11.00

Cardinal Company

Cardinal Company is considering a project that would require a $2,815,000 investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $500,000. The company's discount rate is 18%. The project would provide net operating income each year as follows:

 

         
Sales     $ 2,865,000
Variable expenses       1,015,000
     
Contribution margin       1,850,000
Fixed expenses:        
Advertising, salaries, and other
fixed out-of-pocket costs		 $ 750,000    
Depreciation   463,000    
 
   
Total fixed expenses       1,213,000
     
Net operating income     $ 637,000
     


Click here to view Exhibit 11B-1 andExhibit 11B-2, to determine the appropriate discount factor(s) using tables.

Required:

What is the project profitability index for this project? (Round discount factor(s) to 3 decimal places and final answer to 2 decimal places.)
Project profitability index  

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 12:08 AM My Price 11.00

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