12 Cardinal Company is considering a project that would require a $2,810,000 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 16%. The project would provide net operating income each year as follows: 25 points $2,847,800 1,121, eae 1,726,080 02.16.58 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $782,000 462,000 1,244,000 $ 482.000 Required: What are the project's annual net cash inflows? Anunt cash flow