6. What is the projects internal rate of return? (Round your answer to nearest whole percent.)

7. What is the projects payback period? (Round your answer to 2 decimal places.)

8. What is the projects simple rate of return for each of the five years? (Round your answer to 2 decimal places.)

9. If the companys discount rate was 18% instead of 16%, would you expect the project's net present value to be higher, lower, or the same?

a)Higher

b)Lower

c)Same

Required information The Foundational 15 [LO12-1, LO12-2, LO12-3, LO12-5, L012-6] The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a 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: Sales Variable expenses Contribution margin Fixed expenses: 2,871,000 1,018,000 1,853,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation 753,000 591,000 Total fixed expenses Net operating income $509,000 Click here to view Exhibit 12B-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table