Required information [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: (Hint. Use Microsoft Excel to calculate the discount factor(s).) 2. Assume a post-audit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, hich actually turned out to be 45%. What was the project's actual net present value? (Negative amount should be indicated by a hinus sign. Round discount factor(s) to 3 decimal places, intermediate calculations and final answer to the nearest whole dollar mount.)