Cardinal Company is considering a five-year project that would require a $2,975,000 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: Sales $2, 735, 0ee Variable expenses 1, 000, 080 Contribution margin 1, 735, 080 Fixed expenses: Advertising, salaries, and other out-of- pocket costs $735, 000 Depreciation 595,000 Total fixed expenses 1, 330,000 Net operating income $ 405,000 (Hint. Use Microsoft Excel to calculate the discount factor(s).)