Required information The following information applies to the questions displayed below The following information 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 Variable expenses Contribution margin Fixed expenses: $2,737,000 1,001,000 1,736,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $610,000 605,000 Total fixed expenses Net operating income 1,215,000 $521,000 Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using table. What is the project's internal rate of return? (Round your answer to nearest whole percent.) roject's internal rate of return