Required information [The following information applies to the questions displayed below] 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: Sales Variable expenses contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of. pocket costs Depreciation Total fixed expenses Net operating income $735,000 595,000 $2,735,09 1,000,000 1,339,0005405,000 Click here to view Exhibit 148-1 and Exhibit 198-2, to determine the appropriate discount factoris) using tabie 3. What is the present value of the project's annual net cash inflove? iRound your final answer to the nearest whol mount)