Help Save & Exit Sul Check my we 10 Part 10 of 15 Required information The following information applies to the questions displayed below) Cardinal Company is considering a five year project that would require a $2,845,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: 3 points $ 2,869,000 1, 226,000 1,743,000 eBook Sales Variable expenses Contribution margin Fixed expensest Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating Income 51799,000 569,000 Print 1.223 000 465,000 $ References Click here to view Exhibt 148-1 and Exhibit 1482. to determine the appropriate discourt factor(s) using table. 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 O Lower O Same