Required information

$[$The following information applies to the questions displayed below.$]$

Cardinal Company is considering a five$-$year project requiring 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:

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Assume a postaudit showed 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?

Note: Negative amount should be indicated by a minus sign. Round intermediate calculations and final answer to the nearest

whole dollar amount. Required information

$[$The following information applies to the questions displayed below.$]$

Cardinal Company is considering a five$-$year project requiring 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:

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Assume a postaudit showed 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?

Note: Round your answer to $2$ decimal places. Required information

$[$The following information applies to the questions displayed below.$]$

Cardinal Company is considering a five$-$year project requiring 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:

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Assume a postaudit showed 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?

Note: Round your answer to $2$ decimal places.