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Required information [The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,750,000 investment in

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Required information [The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,750,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operate income in each of five years as follows: $ 2,549,000 1,122,000 1,727,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 752,089 550.000 1,382,800 $ 425,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using table 6. What is the project's internal rate of return? Projeci's internal rate of retum %

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