K ces The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out- of-pocket costs Depreciation Total fixed expenses Net operating income Foundational 12-3 (Algo) $ 753,000 591,000 $ 2,871,000 1,018,000 1,853,000 Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table. it volun 1,344,000 $509,000 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount.)

Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%, The project would provide net operating income in each of five years as follows: Click here to view Exhibit 128-1 and Exhibit 128.2, to determine the appropriate discount foctoris) using table. Foundational 12-3 (Algo) 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%, The project would provide net operating income in each of five years as follows: Click here to view Exhibit 128-1 and Exhibit 128.2, to determine the appropriate discount foctoris) using table. Foundational 12-3 (Algo) 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount