Cardinal Company is considering a five-year project

IThe tollowing information apples to the questions displayed belowj Cardinal Company Is consldering a five-year project that would require a $2,755,000 Investment In equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating Income In each of five years as follows: Sales Variable expenses $ 2,875,000 1,124,000 Fixed exnemargin Advertising, salaries, and other 1,751,000 expenses. fixed out-of-pocket costs S 721000 551,000 Total fixed expenses 1,272,000 Net operating Income $ 479,000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(S) using tables. Required Which item(s) in the income statement shown above will not affect cash flows? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Sales Variable expenses Advertising, salaries, and other fixed out-of-pocket costs expenses Depreciation expense 2-a. What are the project's annual net cash inflows? I net cash inflow 2-b What is the present value of the project's annual net cash inflows? (Round discount factor to 3 decimal places) esent value