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 18%. The project would provide net operating income in each of five years as follows Click here to view Exhibit128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. Foundational 12-10 (Algo) 10. If the equipment had a salvage value of $300,000 at the end of five years, would you expect the project's payback period to be higher, lower, or the same? Higher Lower Cardinal Company is considering a five-yeat 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 18%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 128 1 and Exbibit 128-2. to determine the appropriate discount factor(s) using table. Foundational 12-11 (Algo) 11. 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? Highet 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 18%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 1281 and Extubit 128-2, to determine the appropriate discount factor(s) using table Foundational 12-12(Algo) 12 If the equipment had a salvage value of $300,000 at the end of five years, would you expect the project's simple rate of retum to be higher, lower, or the same? Higher Lower [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 18%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 12B-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table Foundational 12-13 (Algo) 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 45%. What was the project's actual net present value? (Negative amount should be indicoted by a minus sign. Round intermediate calculations and finol onswer to the nearest whole dollor amount.)