Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,805,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows: Sales Variable expenses 2,741,000 1,125,000 1,616,000 Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 642,000 Depreciation 561,000 Total fixed expenses 1,203,000 Net operating income $ 413,000 Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using table. 6. What is the project's internal rate of return? Project's internal rate of return % 0 13