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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:

$\backslash$table$[[$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,,$1,330,000$