Cardinal Company is considering a five$-$year project that would require a $$2,755,000$ 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:

Sales

Fixed expenses:

Advertising, salaries, and other fixed outof$-$pocket costs

Depreciation

Total fixed expenses

Net operating income

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Foundational $12-13($Algo$)$

$13.$ 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.$)$

$14.$ Assume 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 projects actual payback period? $($round your answer to $2$ decimal places.$)$