Required information The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2.845,000 Investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed. out-of-pocket costs Depreciation $ 2,869,000 1,126,000 1,743,000 $709,000 569,000 Total fixed expenses Net operating income 1,278,000 $ 465,000 Click here to view Exhibit 12B-1 and Exhibit 128-2. 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 15%