income in each of tive years as follows: $ 2,737,800 1,001, eee 1,736,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 610,000 605,000 1,215,000 $ 521,000 Click here to view Exhibit 148.1 and Exhibit 148:2. to determine the appropriate discount factor(s) using table. 7 What is the project's payback period? (Round your answer to 2 decimal places.) Project's payback period years 8. What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimal places.) Simple rate of return 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 50% What was the project's actual net present value? (Negative amount should be indicated by a minus sign. Round intermediate calculations and final answer to the neoest whole dollar amount.) Not procent value 14. 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 50% What was the project's actual payback period? (Round your answer to 2 decimal places.) Payback period years 15. 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 50% What was the project's actual simple rate of return? (Round your answer to 2 decimal places.) Sample rate of our Cardinal Company is considering a five-year project that would require a $3,025,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating Income in each of five years as follows