Cardinal Company is considering a five-year project that would require a $2.765,000 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 $ 2,851,000 1,150,000 1,701,eee Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 670, eee 553, eee 1,223,ese $ 478,000 Click here to view Exhibit 148-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. 2. What are the project's annual net cash inflows? Annual net cash flow BOHIBIT 404 Prutent Value of the Pics 19 ON 95 10% 134 141 15 10 1 1 1998 205 21 2 1 0.962 0.952 0943 0935 0.925 0.917 0.909090108930.Bas 0.877 0.80 0.362 0.855 0.347 0.840 0.333 0.326 0.820 000 0000 0.000 2 0.025 0.007 0.890 0.873 0.8570842 0826 0812 0797 0783 0.769 0.756 0743 0731 0.718 0.705 0694 0.683 0.672 0661 0.650 9640 3 0.889 0.864 0.540 0816 0.794 0772 0751 02310712 0.690 0.675 0059 0541 0624 0.609 0.593 0.579 0.504 0551 0537 0.524 0.012 4 0855 0.823 0.792 0763 0.735 0708 0633 0.659 0.631 060 0592 0572 0552 0.534 0.516 0.499 0482 0.467 0.451 0.07 0473 0.410 5 0822 0.784 0347 0.713 0.001 0650 0.621 05930567 0543 0.59 0.497 0.4700456 0.437 0.419 0402 0.306 0.70 0.355 0.341 0 0.700.746 0705 0006 0.030 0598 0.564 0.535 0.500 0.400 0.456 0452 0.45 0.390 0.370 0352 0.335 0.319 03030289 027 0262 7 0.750 0.71 0665 0.623 0580 0547 0.53 0.42 0.452 0425 0.000 0376 0354 0.333 0,314 0.296 0.279 0.20 0.249 0.235 om 0230 0731 0.677 0.627 0.502 0540 0502 0.467 0.434 0.404 0376 0351 0322 0305 0285 0256 0.249 0233 0218 0204 0191 0179 0.703 0645 0.592 0544 0500 0.460 0424 0.391 0.361 0333 0.308 0284 0.263 0243 0.22 0.209 0194 0180 0.167 0155 0344 0134 0.676 0614 0.550 0.508 0463 0422 0.386 0.352 0322 0295 0270 0247 0227 0.200 0191 0.176 0162 0949 017 0126 011 11 0.650 0.585 0.527 0475 0429 0.388 03500317 0.287 0.261 0237 0.215 0.195 0178 0.162 049 0.135 0123 0.112 0103 0094 00 0.625 0557 0.497 0.444 0.397 0356 0319 0.250 0.257 0231 0.208 0187 0.150 0.152 0.137 0124 0.112 01020092 0.000 0.00 0.069 0.01 0.530 0.489 0.415 0.368 0326 0.290 0.258 0229 0204 0182 0163 0145 01300118 0104 0.093 0.094 0.075 0.06 0.061 0.055 0577 0505 0.442 0.389 0.340 0299 0283 0.232 0205 0186 0.160 0541 0.125 0.111 0,099 0088 007 0009 0.062 0055 0.005 0.04 15 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.209 0183 056001400123 0108 0095 0,064 0.074 0.065 0057 0.0510045 000 DOES 16 0.534 0.458 0394 0339 0.292 0.252 0210188 0163 0541 0123 09070093 0.01 0.071 0.062 0.054 0.047 0012 0.036 0032 0.028 12 0.5130436 0.371 0.317 0.270 0.231 0.198 0170 0146 0125 01080093 0.000 0.069 0060 0.052 0045 0.039 0.034 0030 0026 0.023 18 0.494 0.416 0350 0.296 0.250 0.212 0.150 0153 0130 0911 0095 0081 0069 0.059 0.051 0.044 0.038 0.032 0.028 0.024 0.021 0.016 19 0.475 0.396 0.331 0.277 0232 0194 0164 0138 0.116 0.098 0.083 0.07000600051 0.043 0.0370031 0.021 0.023 0.020 0.017 0.014 20 0456 0.377 0.312 0.258 02150178 0124 0104 0.087 0073 0061 0051 0043 0.037 0.031 0.025 0.02 0.019 0016 0.01 0.012 21 0439 0359 0.294 0242 0.199 0164 0135 0112 0093 007 0064 0053 0.04 0.037 0.031 0.026 0.022 0.01 0.015 0.03 0.011 0.009 22 0.422 0.342 0.278 0226 0.184 01500123 0101 0.083 0.068 0.056 0046 0038 0.032 0.026 0022 0.018 0.015 0.063 0011 0.009 0.007 0.005 0.326 0.262 0.211 0:170 0.138 0.112 0.0910074 0.060 0049 0.040 0.033 0.027 0.022 0.018 0015 0.012 0010 0.009 0.007 0.006 0.390 0.310 0.247 0197 0.1580126 0102 0.082 0.066 0.053 0.043 0.035 0.028 0.023 0.019 0.015 0.013 0.010 0.008 0.007 0.006 0.005 25 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.074 0059 0.047 0.038 0.030 0.024 0.020 0.0160.013 0010 0.00 0.007 0.006 0.005 0.00 26 0.381 0.281 0.220 0172 0.135 0.084 0.066 0.053 0.042 0.033 0.026 0.021 0.01 0.014 0.00 0.00 0.007 0.006 0.005 0004 0.000 0.347 0268 0.207 0.161 0.125 0.098 0.076 0.060 0.047 0.037 0.029 0,023 0018 0.014 0.011 0.009 0.007 0.006 0.005 0.004 2003 2002 28 0.333 0.255 0196 0.150 0.116 0.090 0.069 0.054 0042 0.033 0.026 0.020 0016 0.012 0.010 0.008 0.006 0.005 0004 0.00 0.002 0.002 20 0.321 0243 0.185 0141 0107 0.082 0.063 0.048 0.037 0.029 0.022 0.017 0.014 0.011 0.008 0.005 0.005 0.004 0.003 0.002 0.002 0.002 30 0.308 0231 0.174 0131 0099 0.075 0.057 0.044 0.033 0.026 0.020 0,015 0012 0009 0.007 0.005 0.004 0.003 0.003 0,002 0.002 0.001 40 0 206 0142 0.097 0.057 0.046 0.032 0.022 0.015 0.01 0.008 0.005 0.004 0.003 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0149 0106 EXHIBIT 143-2 Fredent of an Annuity of S1 in Areas 68 3791 Periods 5% 94 1 0962 0.952 0.9130.935 0.925 0907 2 1886 1859 1833 1808 83 1759 3 277 2723 2673 2.624 2577 2531 3630 3546 3465 3.387 3.312 31240 5 4452 4329 4212 4100 1993 3.890 . 5.2425.075 4.917 4767 4.623 4406 7 6.002 5.786 5582 5.389 5.206 5003 720 6.463 6.210 5.971 5747 5.535 9 7435 7108 6,802 6,515 6.27 5.995 10 7722 7300 7024 6.710 6.490 11 8.750 8.306 78877499 200 6.005 12 385063.384 79 7536 7161 9.986 9.394 8.053 8350 2904 7487 10.563 999 9.295 125 324 2706 15 1 10.3809712 9108 8.5598001 16 TL652 10B38 10.106 9467 8.851 8.313 12 12.166 11274 0.477 9763 9122 8544 18 12.689 1690 10328 10.059 9:3728.756 19 13134 20851158 10.336 9004 8.950 20 13.500 12.462 11:470 10.594 9.818 9.129 21 1402912921 11764 10.836 10.0179292 22 14.45 12.042 11061 10.2019.442 23 14857 13 489 1230311272 10371 9580 24 15 247 13.799 12.550 1140910529 9.707 25 15.522 1409412783 11654 106759823 15.983 14375 13.003 11.826 10.810 9.929 z 16.390 1.543 13.211 11.987 90 935 10.027 16.663 14.898 13.406 1237 1051 10115 29 16 9841541 5.591 12.278 11158 10.198 30 17292 15 372 3765 12409 11258 10 274 19793 17159 15.046 13.332 11925 90757 SON 18 129 134 143 153 10% 18 19% 20% 20 0.909 0.901 0.893 0.05 0.877 0.870 0.862 0855 0.847 0.840 083 0826 0.520 0.00 0.005 0.100 1736 173 1890 1668 1647 1626 1605 158515661547 1528 1509 1492 04 2.487 2444 2.402 2361 23222283 2246 2210 2174 2140 2106 2074 2012 2011 1952 3.170 1102 30022974 2.914 2855 2.798 2743 2690 2639 2.589 2.540 2494 2448 2401 2262 3.690 3.605 3.517 3.433 352 3274 3199 31273058 2991 2926 2.364 2.803 27452003 4355 4231 4.111 3998 3.889 3784 3.685 3589 3498 1.410 3.126 3.245 3.167 3.092 3020 2.95 4,858 472 4564 4423 4280404009 3.922 3.812 3700 3.605 3.508 3.416 127 3242191 5.335 5106 4.968 479948094434207 4.078 2954 3.837 3726 3619 3.518 3421 3329 5.759 5.527 328 5132 49464772 4.80744574300 4163 4,031 905 370636733566 1463 6565 599 5650 5.420 5216 501944.050 444309 4192 4.054 3.923 3.799 30023571 6496 6207 5.930 5.687 5.453 5234 5.029 4.136 4656 4486 4.327 417 4035 2.902 37703656 8814 6.4926 5911 560 5421 5197 4.988 47934611 449 4278 4127 3.58530513725 200 6.750 6.424 0122564255342 4910 4715 4.533 4362 4203 4053 2.912 700 7357 6.90266266302 6002 5724 5.400 5229 500 4302 4.611 4632 4.265 41082952124 760021916.871 640261423.84 555 324 5092 457 4.675 4469 4319 4153400135 7824 7379 6.974 6604 6.285 5954 5668 5.405 5562 4 938 4730 4536 4357 4109 4033 2007 8022 7549 2120 672963735.047 5749 5.475 5.222 4990 4775 4576 4391 4.294059370 8 201 270272506840 6.467 61205.8 5.534 5.273 5.033 48124.608 4.419 42434.000 3.928 2365 783973656938 65506198 5877 5.584 531 5.070 4543 4635 442 423 4097 3942 8514 79637469 2025 6623 6.259 5.929 5.628 5.353 5101 4870 4657 4.460 4.2794110 8.649 8075 7562 2102 6.687 6.312 59735.665 5384 5127 4891 4675 4.476 4.292 4121 87728.176 7649 7170 573 6.359 0.011 5.696 5:410 5,149 4.909 4.690 4488 4302 400 3970 8.883 8266 7718 7.230 6792 6,399 6044 5.723 5.432 5567 4925 4703 4.499 4371 3.926 8955 8348 7784 2283 6835 634 5073 5.746 5.451 5182 4937 470 4507 319 413 9.077 84227843 7330 68736.464 6097 5.706 5.467 5195 4.948 4721 319 9.161 8488 2896 7372 6906 6.491 6118 5.783 5.480 5.206 4956 4728 4520 412 4151 9.237 8.5487903 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 4734 4524 4332 4154 32900 9.307 8602 7934 7441 6.961 6534 6.152 5.810 5502 52234970 47394528415 4157 3.982 93708650 3.022 7470 6983 6551 6166 5.820 5510 5229 4.975 4743 4531 4357 31994 9.427 8694 8.055 7496 7003 6.566 6:177 5.829 5.517 5.235 4979 4746 4534 433941603955 9.7798951 8.244 7634 7105 6.642 6.223 5.871 554 5.258 49974760454434743863999 Cardinal Company is considering a five-year project that would require a $2.765,000 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 $ 2,851.000 1,150,000 1,703,eee Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $670, eee 553,000 1,223,000 $ 478,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using table 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount Present value