Cardinal Company is considering a project that would require a $2,890,000 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 $200,000. The company's discount rate is 12%. The project would provide net operating Income each year as follows: $2,739,888 1,100,000 1,639,800 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $641,000 538,600 1,179,800 $ 460,888 Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the approprlate discount factor(s) using tables. Required: What is the project's net present value? (Round discount factor(s) to 3 decimal places, Intermediate and final answers to the nearest dollar amount.) Net present value