Cardinal Company is considering a project that would require a $2,890,000 investment in equipment with a useful life of ve years. At 1 O the end of five yea rs, the project would terminate and the equipment would be sold for its salvage value of $200,000. The company's discount rate is 12%. The project would provide net operating income each year as follows: Sales $2,739,866 Variable expenses 1,168,966 Contribution margin 1,639,866 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $641,866 Depreciation 538,896 Total fixed expenses 1,179,986 Net operating income $ 469,666 Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables. Required: What is the project's net present value? (Round discount factor(s) to 3 decimal places, intermediate and nal answers to the nearest dollar amount.) _||