Cardinal Company is considering a five$-$year project requiring a $$2,755,000$ investment in equipment with a useful life of five years and no salvage value. The company's discount rate is $14\%.$ The project would provide net operating income in each of five years as follows:

$\backslash$table$[[$Sales$,$$$2,875,000,],[$Variable expenses,$1,124,000,],[$Contribution margin,$1,751,000,],[$Fixed expenses:,,$],[$Advertising$,$ salaries, and other,,$],[,$ fixed out$-$of$-$pocket costs,$$721,000,],[$Depreciation$,551,000,],[$Total fixed expenses,,$1,272,000$