[The following information applies to the questions displayed below] Cardinal Company is considering a five year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operating income in each of five years as follows Click here to view Exbbit 128-1 and Exbibit12B-2, to determine the appropriate discount factor(s) using table Foundational 12.6 (Algo) 6. What is the project's internal rate of return? Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operating income in each of five years as follows: Click here to view Exbibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table Foundational 12.7 (Algo) 7. What is the project's payback period? (Round your answer to 2 decimal places.) Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operating income in each of five years as follows Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table Gundational 12-8 (Algo) What is the project's simple rate of return for each of the five years? (Round your onswer to 2 decimal places.) Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 128-1 and Exhibit 1282, to determine the appropriate discount factor(S) using table: oundational 12-9 (Algo) If the company's discount rate was 20% instead of 18%, would you expect the project's net present value to be higher, lower, or the ame? Higher Lower