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 Pixed expenses: Advertising, nalaries, and other fixed out-of-pocket costs $782,000 562,000 Depreciation Total fixed expenses 1,344,000 $ 382,000 Net operating income ences Click here to view Exhibit 138-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. 6. What is the project's internal rate of return? (Round your answer to nearest whole percent.) Project's internal rate of retum