Cardinial Company la conbidering a five-year project that would require a $2,8+0,000 investinent in equlgment with a usefut life of tive yezars and no hatvisge value. The company's discount rate is 16%. Fhe project would provide net operating incortie in each of five years as follows. Click here to view Exhibi.128: and Exhibit121 2, to determine the appropilate discount foctor(s) using table Foundational 12-8 (Algo) 8. What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimol ploces.) EximI 12:-1 frover Vilut ntst: tacmins thtt