Cardinal Company is considering a project that would require a $2,915,000 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 12%. The project would provide net operating income each year as follows: $2,746,000 1,126,000 1,620,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $615,000 Depreciation 523,000 Total Fixed expenses Net operating income 1,138,000 $482,000 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(e) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) Nel present value