Cardinal Company is considering a five-year project that would require Part 2 of 4 a $2,765,000 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: 1 points Sales $2 , 851, 000 Variable expenses 1, 150, 000 Contribution margin 1, 701, 000 eBook Fixed expenses : Advertising, salaries, and other Print fixed out-of-pocket costs $ 670, 000 Depreciation 553 , 000 References Total fixed expenses 1, 223, 000 Net operating income $ 478,000 Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using table. 2. What are the project's annual net cash inflows? Annual net cash inflow