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please Required information [The following information applies to the questions displayed below. Cardinal Company is considering a five-year project that would require a $2,765,000 investment

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Required information [The following information applies to the questions displayed below. Cardinal Company is considering a five-year project that would require a $2,765,000 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 Variable expenses Contribution margin Fixed expenses: $2,851, 000 1,150,000 1,701, 000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $670,000 553,000 Total fixed expenses Net operating income 1,223,000 $ 478,000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table 3. What is the present value of the project's annual net cash inflowS? (Round your final answer to the nearest whole dollar amount.) Answer is complete but not entirely correct. resent $ 3,538,392 value

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