Cardinal Company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. The company's discount rate is 14%. The project would provide net operating income each year as follows: Sales Variable expenses $ 2,867,000 1.125,000 1,742,000 Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation $ 706,000 465.000 Total fixed expenses 1171.000 Net operating income $ 571.000 What is the project's simple rate of return for each of the five years? Net operating Income $ 571,000 What is the project's simple rate of return for each of the five years? 0 36.14% O 19.92% O 20.95% 0 38.02%