Saved 0 Required information [The following information applies to the questions displayed below] Cardinal Company is considering a five-year project that would require a $2,765.000 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 Varlable expenses Contribution margin Fixed expenses: $ 2,851,099 1,150,80 1,781,080 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $ 670,8ee 553,800 Total fixed expenses Net operating income 1,223,ee0 s 478,8e0 Click here to view Exhibit 13B-1 and Exhibit 136-2. to determine the appropriate discount factors) using table 11. If the equipment had a salvage value of $300,000 at the end of five years, would you expect the project's net present value to be higher, lower, or the same? o Higher Lover Same