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Cardinal Company is considering a project that would require a $2.875.000 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 16%. The project would provide net operating income each year as follows: $2,871,000 1, 018, 000 1,853,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $75,000 515 000 1,268,000 $ 585,000 Click here to view Exhibit 10-1 and Exhibit 10 2. to determine the appropriate discount factor(s) 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