! Required information [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,975,000 investment in equipment with a 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 $ 2,735,000 Variable expenses 1,000,000 Contribution margin 1,735,000 Pixed expensest Advertising, salaries, and other fixed out- of-pocket costo $ 735,000 Depreciation 595,000 Total fixed expenses 1,330,000 Net operating income $ 405,000 Click here to view Exhibit 14B-1 and Exhibit 148-2. to determine the appropriate discount 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 perlod to be higher, lower, or the same? O Higher O Lower Same