Required information The following information applies to the questions displayed below.j 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 $2,737,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket 1,001,000 1,736,000 $610,000 605,000 costs Depreciation Total fixed expenses 1,215,000 $521,000 Net operating income Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table 7. What is the project's payback period? (Round your answer to 2 decimal places.) 2.74 years Project's payback od