Cardinal Company is considering a five$-$year project that would require a $$2,755,000$ investment in equipment with a useful life of five years and no salvage value. The company$$s discount rate is $14\%.$ The project would provide net operating income in each of five years as follows:

Sales $ $2,875,000$

Variable expenses $1,124,000$

Contribution margin $1,751,000$

Fixed expenses:

Advertising, salaries, and other fixed out$-$of$-$pocket costs $ $721,000$

Depreciation $551,000$

Total fixed expenses $1,272,000$

Net operating income $ $479,000$

$6.$ What is the project$$s internal rate of return? $7.$ What is the project$$s payback period? $($Round your answer to $2$ decimal places.$)8.$ What is the project$$s simple rate of return for each of the five years? $($Round your answer to $2$ decimal places.$)13.$ Assume a postaudit showed that all estimates $($including total sales$)$ were exactly correct except for the variable expense ratio, which actually turned out to be $50\%.$ What was the project$$s actual net present value? $14.$ Assume a postaudit showed that all estimates $($including total sales$)$ were exactly correct except for the variable expense ratio, which actually turned out to be $50\%.$ What was the project$$s actual payback period? $($Round your answer to $2$ decimal places.$)$