O Required information The Foundational 15 (Static) (L014-1, L014-2, L014-3, LO14-5, L014-6) (The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,975,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows: Sales $ 2,735,000 Variable expenses 1,000,000 Contribution margin 1,735,000 Fixed expenses! Advertising, salaries, and other fixed out- of-pocket costs $ 735,000 Depreciation 595,000 Total fixed expenses 1,330,000 Net operating income $ 405,000 Click here to view Exhibit 148.1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using table. Foundational 14-3 (Static) 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount) Prosent value Prov 4 15 of 15 10 Next > 5 The Foundational 15 (Static) (L014-1, L014-2, L014-3, L014-5, LO14-6) The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,975,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating Income in each of five years as follows: Sales $ 2,735,000 Variable expenses 1,000,000 Contribution margin 1,735,000 Fixed expenses: Advertising, salaries, and other fixed out- of-pocket costs $ 735,000 Depreciation 595,000 Total fixed expenses 1,338,000 Net operating income $ 405,000 Click here to view Exhibit 148-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using table Foundational 14-2 (Static) 2. What are the project's annual net cash inflows? Annual net cash inflow Click here to view Exhibit 148-1 and Exhib Foundational 14-5 (Static) 5. What is the profitability index for this project? (Round your answer to 2 decimal places.) Profitability index Foundational 14-6 (Static) 6. What is the project's internal rate of return? (Round your answer to nearest whole percent.) Project's internal rate of return % ences Foundational 14-7 (Static) 7. What is the project's payback period? (Round your answer to 2 decimal places.) Project's payback period years