Cardinal Company is considering a five$-$year project that would require a $$2,955,000$ investment in equipment with a useful life of five years and no salvage value. The company's discount rate is $16\%.$ The project would provide net operating income in each of five years as follows:

$\backslash$table$[[$Sales$,$$$2,871,000,],[$Variable expenses,$1,018,000,],[$Contribution margin,$1,853,000,],[$Fixed expenses:,,$],[$Advertising$,$ salaries, and other fixed,,$],[$out$-$of$-$pocket costs,$$753,000,],[$Depreciation$,591,000,],[$Total fixed expenses,,$1,344,000$