Question: please answer ASAP Cardinal Company is considering a project that would require a $2,792,000 Investment in equipment with a useful life of five years. At

please answer ASAP please answer ASAP Cardinal Company is considering a project that would require

Cardinal Company is considering a project that would require a $2,792,000 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 14%. The project would provide net operating income each year as follows: $2,875,600 1,124, eee 1,751,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $721, eee Depreciation 478,400 Total fixed expenses Net operating income 1,199,400 $ 551,600 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 final answer to the nearest dollar amount.) Present value

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