9. If the equipment had a salvage value of $300,000 at the end of five ydars, would you expect the project's payback petiod to be higher, lower, or the same? Higher Lower Same 7. What is the project's simple rate of return for each of the five years? (Round your onswer to 2 decimal ploces. b.e. 0.123.42 should be considered as 12.34% ) 10. If the equipment had a salvage value of $300,000 at the end of five years, would you expect the project's net present value to be higher, lower, or the same? Higher Lower Same 5. What is the project's internal rate of return? (Round your onswer to nearest whole percent.) 2-o. What are the project's annual net cash inflows? 2-b. What is the present value of the project's annual net cash inflows? (Round discount factor to 5 decimal places) Cardinal Company is considering a five year project that would require a $2.812000 imvestment in equipment woth 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: (Hint Use Microsoft Excel to calculate the discount factor(s).) Required: 1. Which item(s) in the income statement shown above will not affect cash fiows? (You moy select more than one nnswer. Single click the box with the question mark to produce o check mark for a correct onswer and double elick the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be outematically graded as incorrect) Sales Variable experses Novirking? salares, and other fixed out-ot-pockot costs expenses Degrecietion experse 6. What is the project's payback period? (Round your answer to 2 decimal places.) 3. What is the project's net present value? (Round discount fctor(s) to 3 decimal ploces and finol answer to the neorest whole dollor omount.) 4. What is the project profitablity index for this project? (Round discount foctor(s) to 3 decimal places ond final answer to 2 decimal ploces.)