Required information The Foundational 15 [LO13-1, LO13-2, LO13-3, LO13-5, LO13-6)] The following information applies to the questions displayed below. Cardinal Company is considering a five-year project that would require a $2,812,000 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: Sales Variable expenses Contribution margin Fixed expenses: $2,855,000 1,010,000o 1,845,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation 798,000 562,400 Total fixed expenses Net operating income 1,360,400 $ 484,600 Click here to view Exhibit 138-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. Foundational 13-8 8. What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimal places.) imple rate of return 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 45%, 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 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 45%, what was the project's actual payback period? (Round your answer to 2 decimal places.) Payback period years