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 salvage value of $300,000. The companys discount rate is 14%. The project would provide net operating income each year as follows: Sales $2,735,000 Variable expenses 1,000,000 Contribution margin 1,735,000 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $735,000 Depreciation 535,000 Total fixed expenses 1,270,000 Net operating income $ 465,000 Given Annual net cash inflow....................................... $1,000,000 Note: this is a timed quiz. You may check the remaining time you have at any point while taking the quiz by pressing the keyboard combination SHIFT, ALT, and T... Again: SHIFT, ALT, and T... Question 21 pts What is the present value of the projects annual net cash inflows? Group of answer choices 5,000,000 3,334,000 3,433,000 3,343,000