Please solve and highlight, circle, or BOLD PRINT answers. 2 part question. Cardinal Company is considering a five-year project that would require $2.890.000 nvestment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales Varlable expenses Contribution mergin Fbed expenses: Advertising. salaries, and other S 2739000 1100,000 1639.000 fixed out-of-pocket costs Depreciation Total fixed expenses Net operating Income S 641,000 578,000 1219.000 $420000 Click here to view Exhibit 88-1 and Exhibit 8B-2. to determine the appropriate discount factor(s) using tables. 8A If the equipment had a salvage value of $300,000 at the end of five years, would you expect the project's net present value to be higher, lower, or the same? Higher, Lower, OR Same 88 Assume a Ros au showed that all estimates (including total sales werea e except for the variable expense ratio, which actually turned out to be 50% What was the prec s actual net present value? Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places and intermediate calculations to nearest whole dollar amount.) value