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: Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costo Depreciation Total fixed expenses t $2,847,000 1,121,000 1,726,000 $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. 6. What is the project's internal rate of return? (Round your answer to nearest whole percent.) Project's internal rate of return %