5 Jarvey Corporation is studying a project that would have a ten-year life and would require a $450,000 Investment in equipment which has no salvage value. The project would provide net operating income each year as follows for the life of the project (Ignore income taxes.): Sales Less cash variable expenses Contribution margin Less fixed expenses: 500,000 200,000 300,000 Fixed cash expenses Depreciation expenses $150,000 45,000 195,000 105,000 Net operating income