1 art 1 of 14 89 nts ellock Print References [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,845,000 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: Sales Variable expenses Contribution margin Fixed expense Advertising, salaries, and other fixed. out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 2,869,000 1,126,000 1,743,000 $ 709,000 569,000 1,278,000 $465,000 Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. Foundational 12-1 (Algo) Required: 1. Which item(s) in the income statement shown above will not affect cash flows? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Sales Variable expenses 7 Advertising, salaries, and other fixed out-of-pocket costs expenses Depreciation expense