Required information The Foundational 15 (Algo) (LO12-1, L012-2, L012-3, LO12-5, L012-6) [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,860,000 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: $ 2,859,000 1,100,000 1,759,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salarien, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 700,000 572,000 1,272,000 $ 487,000 Click here to view Exhibit 128.1 and Exhibit 128-2 to determine the appropriate discount factor(s) using table. Foundational 12-3 (Algo) 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amolot.) Present value ional 12-4 (Algo) 4. What is the project's net present value? (Round final answer to the nearest whole dollar amount.) Net present value Foundational 12-14 (Algo) 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 50% What was the project's actual payback period? (Round your answer to 2 decimal places.) Payback period years Foundational 12-15 (Algo) 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 50%. What was the project's actual simple rate of return? (Round your answer to 2 decimal places.) Simple rate of return %