0 Required Information The Foundational 15 (L012-1, LO12-2, L012-3, L012-5, L012-6) {The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: $2,746,000 1,126,000 1,620,000 Sales Variable expenses Contribution margin Fixed expenses Advertising. salaries, and other fixed out-of-pocket conta Depreciation Total fixed expenses Net operating Income 5615,000 53,000 1,190,000 422.000 nces Click here to view Exhibit.320-1 and Exhibit 120-2, to determine the approprlate discount foctor(s) using table. Foundational 12-3 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount.) Presant value