Cardinal Company is considering a project that would require a $2,745,000 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 $500,000. The companys discount rate is 18%. The project would provide net operating income each year as follows:

Sales					$	2,857,000
Variable expenses						1,011,000
Contribution margin						1,846,000
Fixed expenses:
Advertising, salaries, and other fixed out-of-pocket costs	$	799,000
Depreciation		449,000
Total fixed expenses						1,248,000
Net operating income					$	598,000

Required: What are the projects annual net cash inflows?