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please answer quickly Required information The following information applies to the questions displayed below] Cardinal Company is considering a five-year project that would require a

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Required information The following information applies to the questions displayed below] Cardinal Company is considering a five-year project that would require a $2,915,000 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: Sales Variable expenses Contribution margin Fixed expenses: $2,746,000 1,126,000 1,620,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation 615,000 583,000 Total fixed expenses Net operating income 1,198,000 $ 422,000 Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factorts) using table. 6. What is the project's internal rate of return? (Round your answer to nearest whole percent.) s internal rate of return 31%

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