Cardinal Company is considering a project that would require a $2745,000 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 company's discount rate is 18%. The project would provide net operating income each year as follows: $2,857.000 1,011.00 1,046,000 Sales Variable expenses Contribution margin Pixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income 5799,000 449.000 1.260.000 $ 598.000 Click here to view Ext 104 and Exhibit 10.2 to determine the appropriate discount factors, using tables Required: What is the present value of the project's annual net cash inflows? (Round discount factor(s) to 3 decimal places and final answer to the nearest doller amount.) D Present value