6 It 6 of 15 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: its $ 2,735,000 1,000,000 1,735,000 BOOK Print Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out of pocket costs Depreciation Total fixed expenses Net operating income Herences $ 735,000 595,000 1,330,000 $405,000 Click here to view Exhibit 148_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 16 % 6 It 6 of 15 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: its $ 2,735,000 1,000,000 1,735,000 BOOK Print Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out of pocket costs Depreciation Total fixed expenses Net operating income Herences $ 735,000 595,000 1,330,000 $405,000 Click here to view Exhibit 148_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 16 %