Required information The Foundational 15 (Algo) [LO12-1, LO12-2, LO12-3, LO12-5, LO12-6] [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,860,000 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 Fixed expenses: out-of-pocket costs $ 2,859,000 1,100,000 1,759,000 Contribution margin Advertising, salaries, and other fixed $ 700,000 572,000 Total fixed expenses 1,272,000 $ 487,000 Depreciation Net operating income Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table. Foundational 12-13 (Algo) 3. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50%. What was the project's actual net present value? (Negative amount should be indicated by a ninus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.) Net present value