The Foundational 15 (Static) (L014-1, LO14-2, LO14-3, LO14-5, LO14-6) The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,975,000 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: $ 2,735,000 1,000,000 Contribution margin 1,735,000 Fixed expenses: Advertising, salaries, and other fixed out- of-pocket costs $ 735,000 Depreciation 595,000 Total fixed expenses 1,330,000 Net operating income $ 405,000 Click here to view Exhibit 143 1 and Exhibit 148-2. to determine the appropriate discount factors) using table, Sales Variable expenses Foundatiohal 14-8 (Static) 8. What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimal places.) Simple rate of return % Foundational 14-13 (Static) 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 intermediate calculations and final answer to the nearest whole dollar amount.) Not present value Foundational 14-14 (Static) 14. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the varioble expense ratio, which actually turned out to be 45% What was the project's actual payback period? (Rolind your answer to 2 decimal places.) Payback period years Required information The Foundational 15 (Static) (LO14-1, LO14-2, LO14-3, LO14-5, L014-6) (The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,975,000 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 $ 2,735,000 Variable expenses 1,800,000 Contribution margin 1,735,000 Fixed expenses: Advertising, salaries, and other fixed out- of-pocket costs $ 735,000 Depreciation 595,000 Total fixed expenses 1,330,000 Net operating income $ 405,000 Click here to view Exhibit 14B-1 and Exhibit 148:2. to determine the appropriate discount factor(s) using table. Foundational 14-15 (Static) 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 45%. What was the project's actual simple rate of return? (Round your answer to 2 decimal places.) Simple rate of return % Numbers