Cardinal Company is considering a project that would require a $2,800,000 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 14%. The project would provide net operating Income each year as follows: $2,845,000 1,109,900 1,736,000 Sales Variable expenses Contribution margin Fixed expenses. Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $799,000 500.090 1,299, eee $ 437,000 Click here to view Exhibit 10-1 and Exhibit 10-2. to determine the appropriate discount factor(s) using tables. Required: What is the present value of the projects annual net cash Inflows? (Round discount factor(s) to 3 decimal places and final answer to the nearest dollar emount.) Present value