10 Cardinal Company is considering a project that would require a $2,812,000 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 $400,000. The company's discount rate is 16%. The project would provide net operating income each year as follows: 5 $2,855,000 1,010,000 1,845,000 3 020823 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income 5798,000 482,400 1,280,400 $ 564,600 Click here to view Exhibit 10:1 and Exhibit 10:2, to determine the appropriate discount factor(s) using tables. What is the project's net present value? (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) Required: Not present value