Required informatio [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,855,000 investment in equipment witha useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows Sales $2,867,000 1,125,000 1,742,000 Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed 706,000 571,000 out-of-pocket costs Depreciation Total fixed expenses 1,277,000 465, 000 Net operating income Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table Required 1. Which item(s) in the income statement shown above will not affect cash flows? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer Any boxes left with a question mark will be automatically graded as incorrect.,) Sales Variable expenses Advertising, salaries, and other fixed out-of-pocket costs expenses Depreciation expense 2. What are the project's annual net cash inflows? Annual net cash inflow 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount.) Present value 4. What is the project's net present value? (Round discount factor(s) to 3 decimal places and final answer to the nearest whole dollar amount.) Net present value 5. What is the project profitability index for this project? (Round your answer to 2 decimal places.) Project profitability index 6. What is the project's internal rate of return(Round your answer to nearest whole percent.) Project's internal rate of return 7. What is the project's payback period? (Round your answer to 2 decimal places.) years Project's payback period 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 discount factor(s) to 3 decimal places, intermediate calculations and final answer to the nearest whole dollar amount.) Net present 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.) yea 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.) Simple rate of return