Cardinal Company is considering a project that would require a $2,750,000 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 $400,000. The company's discount rate is 18% The project would provide net operating income each year as follows $2,849,000 1,122,000 1,727,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs $752,800 Depreciation 470,000 Total fixed expenses Net operating income 1,222,800 $ 505,000 Required: What are the project's annual net cash inflows? Annual net cash flow