Required information The following information applies to the questions displayed below Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales Variable expenses Contribution margin Fixed expenses: $2,746,000 1,126, 000 1,620,000 Advertising, salaries, and other 615,000 583,000 fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income 1,198,000 $ 422,000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. 13. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50%. what was the project's actual net present value? (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate calculations and final answer to the nearest whole dollar amount.) $ (1,393,690) Net present value Required information [The following information applies to the questions displayed below. Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales Variable expenses Contribution margin Fixed expenses: $2,746,000 1,126,000 1,620,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $ 615,000 583,000 Total fixed expenses Net operating income 1,198,000 $ 422,000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. 14. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50%. what was the project's actual payback period? (Round your answer to 2 decimal places.) 6.91 years Payback period Required information [The following information applies to the questions displayed below. Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows Sales Variable expenses Contribution margin Fixed expenses: $2,746,000 1,126,000 1,620,000 Advertising, salaries, and other 615,000 583,000 fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income 1,198,000 $ 422,000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. 15. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50%. what was the project's actual simple rate of return? (Round your answer to 2 decimal places.) 14.481% Simple rate of return