Required information [The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,810,000 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: $2,847,000 Sales 1,121,000 1,726,000 Variable expenses Contribution margin Tixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses $782,000 562,000 1,344,000 $ 382,000 Net operating income Click here to view Exhibit 138-1 and Exhibit 138-2. 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 268.00 years ( Prev of 15 E 15 Next > MacBook Air 14 DII FS %23 24