Cardinal Company is considering a project that would require a $2,792,000 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 $400,000. The company's discount rate is 14%. The project would provide net operating Income each year as follows: $2,875,888 1,124,800 1,751,888 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 721,000 478,400 1,199,480 $ 551,600 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 project's annual net cash Inflows? (Round discount factor(s) to 3 decimal places and final answer to the nearest dollar amount.) Present value