Cardinal Company is considering a project that would require a $2.975.000 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 saivage value of $300.000. The company's discount rate is 14%. The project would provide net operating income each year as follows: Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables. Required: What is the present value of the project's annual net cash inflows? (Round discount factor(s) to 3 decimal places and finar answer to the nearest dollar amount.)