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Required informatiorn The following information applies to the questions displayed below. Cardinal Company is considering a five-year project that would require a $2.915,000 investment in equipment with a useful life of five years and no sa T company's discount rate is 12%. The project would provide net operating income in each of five years as follows: 2,746,000 1,126,000 1,620,000 Sales Variable expenses Contribution margin Fixed expenses Advertieing, salaries, and other fixed 615,000 out-of-pocket costs Depreciation 583,000 S 1.198,000 Total fixed expenses Net operating income 422,000 Click here to view Exhibit 13B-1 and Exhibit 138:2, to determine the appropriate discount fectorts) using table. 7. What is the project's payback period? (Round your answer to 2 decimal places.) ears