Cardinal Company is considering a five-year project that would require a $2,915,000 Investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: $2,746,000 1,126,000 1,620,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket coats Depreciation Total fixed expenses Net operating income $615,000 583,000 1,190,000 $ 422,000 Click here to view Exhibit 14B-1 and Exhibit 149-2. to determine the appropriate discount factor(s) using table, 2. What are the project's annual net cash inflows? Annual net cash inflow 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount.) Present value 4. What is the project's net present value? (Round final answer to the nearest whole dollar amount.) Net present value 8. What is the project's simple rate of return for each of the five years? (Round your answer to 2 decimal places.) Simple rate of retum 13. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50%. What was the project's actual net present value? (Negative amount should be indicated by a minus sign. Round Intermediate calculations and final answer to the nearest whole dollar amount.) Net present value