Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,850,000 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 operating income in each of five years as follows: Click here to view and to determine the appropriate discount factor(s) using table. 4. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, vhich actually turned out to be 45%. What was the project's actual payback period? (Round your answer to 2 decimal places.) Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,850,000 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 operating income in each of five years as follows: Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. 3. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, hich actually turned out to be 45%. What was the project's actual net present value? (Negative amount should be indicated by a inus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.) Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,850,000 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 operating income in each of five years as follows: Click here to view and to determine the appropriate discount factor(s) using table. 5. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, vich actually turned out to be 45%. What was the project's actual simple rate of return? (Round your answer to 2 decimal places