Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 12B1 and to determine the appropriate discount factor(s) using table. 2. What are the project's annual net cash inflows? 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest wh 4. What is the project's net present value? (Round final answer to the nearest whole dollar amount.) 6. What is the project's internal rate of return? 7. What is the project's payback period? (Round your answer to 2 decimal places.) 8. What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimal pla 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 45%. 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 a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio. which actually turned out to be 45%. What was the project's actual payback period? (Round your answer to 2 decimal places.) 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 45%. What was the project's actual simple rate of return? (Round your answer to 2 decimal places.) EXHIBIT 12B-1 Present Value of $1:(1+r)k1 EXHIBIT 12B-2 Present Value of an Annuity of \$1 in Arrears; 1/r(1(1/(1+r)n))