Required information The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,870,000 investment 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: $ 2,861,000 1.101.000 1,760,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 205,000 578 0 1,279,000 413.000 Click here to view Exhibet 148.1 and Exhibit 148_2. to determine the appropriate discount factors) 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.) Present Net operating income Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor What is the project's net present value? (Round final answer to the nearest whole dollar amount Net present value