6 ! Required information Part 6 of 15 The Foundational 15 [LO13-1, LO13-2, LO13-3, LO13-5, L013-6] [The following information applies to the questions displayed below.] 5 $3,025,000 investment in equipment with a Cardinal Company is considering a five-year project that would require useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: points $2,737,000 1,001,000 1,736,000 Sales eBook Variable expenses Contribution margin Adu pense alaries, and other Print fixed out-of-pocket costs Depreciation Total fixed expenses S610,000 605,000 1,215,000 $ 521,000 Net operating income References Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. Foundational 13-6 6. What is the project's internal rate of return? (Round your answer to nearest whole percent.) Project's internal rate of return %