Cardinal Company is considering a project that would require a $2.915,000 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 company's discount rate is 12% The project would provide net operating income each year as follows: Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $615,000 Depreciation 523,000 Total fixed expenses Net operating income $2,746,000 1,126,000 1,620,000 1,133.000 $ 482, e90 Click here to view Exhibit 10. and Exhibit 10.2. to determine the appropriate discount factors) using tables Required: What is the project's net present value? (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) Net present value