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com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2.. * kam for Final i Saved Help Save Check Cardinal Company is considering a project that would require a $2.975,000 investment in equipment with

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com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2.. * kam for Final i Saved Help Save Check Cardinal Company is considering a project that would require a $2.975,000 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: 52,735,000 1.000.000 1,735,000 Sales Variable expenses Contribution margin Fixed expensest Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total Fixed expenses Net operating income $735,000 535,000 1,270,000 $ 465,000 Click here to view Exhibit 10-1 and Exhibit 10 to determine the appropriate discount factor(s) using tables. Required: What is the project's net present value? (Round discount foctor(s) to 3 decimal places and final answer to the nearest dollar amount.) Not present value

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