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 16%. The project would provide net operating income in each of five years as follows: Sales Variable expenses $ 2,871,000 1,018,000 1,853,000 Contribution margin Fixed expenses: out-of-pocket costs Advertising, salaries, and other fixed Depreciation. Total fixed expenses $ 753,000 591,000 1,344,000 $ 509,000 Net operating income Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table. Foundational 12-6 (Algo) 6. What is the project's internal rate of return? Project's internal rate of return %

Draw out a trial balance using the above trasnsactions . Thank you .

Will you please provide the formulas (explanation) to understand the results or numbers that were added in the solution?

show journal entry (for part b) assuming estimate is considered to be accurate. and show a journal entry (from part b) assuming the amount is large enough to intentionally impact decision of users.