9 Required information [The following information applies to the questions displayed below! Cardinal Company is considering a five-year project that would require a $2.860.000 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: Part 1 $ 2,659,000 1.100.000 1,759,000 Sales Variable expenses Contribution margin Fixed expenses Advertising salaries, and other fixed out of-pocket costs Depreciation Total fixed expenses Het sperating income $ 700,000 572,000 1,272,000 $ 487.000 Click here to view Exhibit 128-1 and Exhibit 120.2. to determine the appropriate discount factors) using table. 9. If the company's discount rate was 15% instead of 14%, would you expect the project's net present value to be higher, lowerhen the same? O Higher Lower Same