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 $2,870,000 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: $2,861,000 1,101,000 1,760,000 Sales Variable expenses Contribution margin Fixed expenses Advertising. salaries, and other fixed out-of-pocket coats Depreciation Total fixed expenses Net operating income 5705,000 574,000 1,279.000 6481,000 Click here to view Exhibit.12-1 and Exhibit 120-2. to determine the appropriate discount factor(s) using table. Foundational 12-11 11. If the equipment had a salvage value of $300,000 at the end of five years, wodid you expect the project's net present value to be higher, lower, or the same? O Higher O Lower Same The Foundational 15 (L012-1, LO12-2, 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 $2,870.000 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: $2,861,000 1,101,000 1,760,000 Sales Variable expenses Contribution margin Pixed expenses Advertising, salaries, and other fixed out-of-pocket costa Depreciation Total fixed expenses Net operating income 5 705,000 574,000 1,279,000 $ 491,000 Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table, Foundational 12-12 12. If the equipment had a salvage value of $300,000 at the end of five years, would you expect the project's simple rate of return to be higher, lower or the same? Higher O Lower Same 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 $2,870,000 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: 15 $2,861,000 1,101,000 1,760,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket conta Depreciation Total fixed expenses Nat operating income $705,000 574,000 1,279,000 $ 481,000 Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. Foundational 12-13 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.) Net present value vu. The Foundational 15 (LO12-1, LO12-2, L012-3, LO12-5, L012-6) [The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,870,000 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: $2,861,000 1,101,000 1,760,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 705,000 574,000 1,279,000 $ 481,000 Click here to view Exhibit 12B-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table. Foundational 12-14 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.) Payback period years 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 $2,870,000 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: $2,861,000 1,101,000 1,760,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket coats Depreciation Total fixed expenses Net operating income $ 705,000 574,000 1.279,000 $ 481,000 Click here to view Exhibit 12B-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table. Foundational 12-15 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.) % Simple rate of return