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[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 Exhibit 12B-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. oundational 12-14 (Algo) A. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio. hich actually turned out to be 45%. What was the project's actual payback period? (Round your answer to 2 decimol 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 12B. and Exhibit 1282, to determine the approptiate discount factor(5) using table. oundational 12-15 (Algo) Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense tatio, ich actually turned out to be 45%. What was the projects actual simple rate of retum? (Round your answer to 2 decimol ploces.) [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 Exhibit 12B-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. oundational 12-14 (Algo) A. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio. hich actually turned out to be 45%. What was the project's actual payback period? (Round your answer to 2 decimol 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 12B. and Exhibit 1282, to determine the approptiate discount factor(5) using table. oundational 12-15 (Algo) Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense tatio, ich actually turned out to be 45%. What was the projects actual simple rate of retum? (Round your answer to 2 decimol ploces.)

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