12 Cardinal Company is considering a project that would require a $2,890.000 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 $200,000. The company's discount rate is 12%. The project would provide net operating income each year as follows: 25 points Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $2,739, eee 1,189,200 1,639,00 02:48:50 5641, Bee 538, Bee 1.179.00 $ 460, 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 equipment's salvage value at the end of five years? (Round discount factor(s) to 3 decimal places and final answer to the nearest dollar amount.) Present value