Cardinal Company is considering a project that would require a $2,875,000 Investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $300,000. The company's discount rate is 16%. The project would provide net operating income each year as follows: $2,871,000 1,018,000 1,853,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, solaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $75,000 $15,000 1,268,000 $ 585,000 Click here to view Exhibit:10.1 and Exhlat 10.2. to determine the appropriate discount factors) using tables. Required: What is the project's net present value? (Round discount foctor(s) to 3 decimal places, Intermediate and finel answers to the nearest dollar amount.) Net present vite