D. ETax Document M Gmail YouTube Maps (Part 01) Saved Help Save & Exit s Check my we Lirie Unwrig murinduion applies to the questions urspidyeu DeuW.) Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: $2,871,000 1.013,000 1,853,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket conto Depreciation Total fixed expenses Net operating income $ 753,000 591,000 1,344,000 $ 509,000 Click here to view Exhibit12B1 and Exhibit 128-2. to determine the appropriate discouhit factor(s) using table. 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 45% What was the project's actual net present value? (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, Intermediate calculations and final answer to the nearest whole dollar 10