Cardinal Company is considering a five$-$year project that would require a $$2,805,000$ investment in equipment with a useful life of five years and no salvage value. The companys discount rate is $14\%.$ The project would provide net operating income in each of five years as follows: Sales $ $2,741,000$Variable expenses $1,125,000$Contribution margin $1,616,000$Fixed expenses: Advertising, salaries, and other fixed out$-$of$-$pocket costs$ $642,000$ Depreciation$561,000$ Total fixed expenses $1,203,000$Net operating income $ $413,000$ Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

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

$14.$ 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

$13.$ 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 $50\%.$ 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.$)$

Net present value

$8.$ What is the project's simple rate of return for each of the five years?

Simple rate of return

$\%$

$7.$ What is the project's payback period? $($Round your answer to $2$ decimal places.$)$

Project's payback period

years

$6.$ What is the project's internal rate of return?

Project's internal rate of return

$\%$

$3.$ What is the present value of the project's annual net cash inflows?

Present value

$2.$ What are the project's annual net cash inflows?

Annual net cash inflow