10 Cardinal Company is considering a project that would require a $2,815,000 investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $500,000. The company's discount rate is 18%. The project would provide net operating income each year as follows: 25 points 52,865,900 1015 1,850, DIN! Sales Variable expenses Contribution saisin Fixed expenses Advertising salaries, and other fixed out-of-pocket costs $50, Depreciation 06:00 Total Fixed expenses Net operating income 8 02:50 11 1.21 $ 53, Click here to view Exhibit 10-1 and Exhibit: 10-2. to determine the appropriate discount factors using tables Required: What is the present value of the projects annual net cash inflows? (Round discount factor(s) to 3 decimal places and final answer to the nearest dollar amount.) Present value