Cardinal Company is considering a five-year project that would require a $2,870,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales Variable expenses $2,861,000 1,101,000 1,760,000 Contribution margin Fixed expenses Advertising, salaries, and other out-of-pocket costs Depreciation $ 705,000 574.000 Total fixed expenses 1,279.000 Net operating income $ 481,000 (Hint: Use Microsoft Excel to calculate the discount factor(s).) What is the project's net present value? (Round discount factor(s) to 3 decimal places and final answer to the nearest whole dollar amount)