Required information The Foundational 15 (Algo) (LO12-1, LO12-2, LO12-3, L012-5, LO12-6) [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,500,000 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: $ 2,853,000 1,200,000 1,653,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out- of-pocket costs Depreciation Total fixed expenses Net operating income $ 790, eee 500,000 1,290,000 $ 363,000 5. What is the profitability index for this project? (Round your answer to 2 decimal places.) Profitability index Foundational 12-7 (Algo) 7. What is the project's payback period? (Round your answer to 2 decimal places.) Project's payback period years Foundational 12-8 (Algo) 8. What is the project's simple rate of return for each of the five years? (Round your answer to decimal p Simple rate of return %