Cardinal Company is considering o project the: would require a $2, 755,000 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 $300,000. The company's discount rate is 14%. The project would provide net operating income each year as follows: Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables. What is the project profitability index for this project? (Use the appropriate table to determine the discount factor(s) and final answer to 2 decimal places.) What is the project's payback period? (Round your answer to 2 decimal places.) What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimal places, (i.e 0.1234 should be entered as 12.34.)) If the company's discount rate was 10% instead of 14%, would you expect the project's net present value to be higher than, lower than, or the same? Same Higher Lower If the equipment's salvage value was $500,000 instead of $300,000, would you expect the project's payback period to be higher than, lower than, or the same? Same Lower Higher. If the equipment s salvage value was $500,000 instead of $300,000, would you expect the project's net present value to be higher than, lower than, or the same? Lower Higher Same