Any help as to how I can go about determining whether to expect the projects payback period to be higher lower or the same given the circumstances at the bottom of the page? I know it isn't higher but is it lower or the same?

Required information The Foundational 15 [LO13-1, LO13-2, LO13-3, LO13-5, LO13-6] [The following information applies to the questions displayed be/ow.] Cardinal Company is considering a ve-year project that would require a $2,750,000 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: Sales $2,849,000 Variable expenses 1,122,000 Contribution margin 1,727,000 Fixed expenses: Advertising, salaries, and other fixed outofpocket costs $752,000 Depreciation 550,000 Total fixed expenses 1,302,000 Net operating income $ 425,000 ' Click here to View Exhibit 1331 and Exhibit 1382, to determine the appropriate discount factor(s) using table. Foundational 13-10 10. Ifthe equipment had a salvage value of $300,000 at the end of ve years, would you expect the project's payback period to be higher, lower, or the same