Required information [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require 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: Sales $ 2,737,000 Variable expenses 1,001,800 Contribution margin 1,736,000 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 610,000 Depreciation 605,000 Total fixed expenses 1,215,000 Net operating income $ 521,000 Click here to view Exhibit 128.1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. 6. What is the project's internal rate of return? Projects intemal rate of return % +