Cardinal Company is considering a five-year project that would require a $2,855,000 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: Click here to view and to determine the appropriate discount factor(s) using table. 5. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratic vhich actually turned out to be 50%. What was the project's actual simple rate of return? (Round your answer to 2 decimal plac