Required information The Foundational 15 [L012-1, L012-2, L012-3, L012-5, L012-6) [The following information applies to the questions displayed below.) 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: $ 2,737.ee 1.ee1,eee 1,736.ece Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other +ixed out-of-pocket costs Depreciation Total Fixed expenses Net operating income 5610.eee ses, eee 1.215,00 521,eee $ Click here to view Exhibit 128-1 and Exhibit 128-2 to determine the appropriate discount factor(s) using table. Foundational 12.7 7. What is the project's payback period? (Round your answer to 2 decimal places.) Project's payback period years