Required information The Foundational 15 (Algo) [LO14-1, LO14-2, LO14-3, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2.945,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 18%. The project would provide net operating income in each of five years as follows: Sales $2,873,000 Variable expenses Contribution margin 1,019,000 1,854,000 Fixed expenses: out-of-pocket costs Depreciation Advertising, salaries, and other fixed $ 754,000 589,000 Total fixed expenses 1,343,000 $511,000 Net operating income Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. Foundational 14-4 (Algo) 4. What is the project's net present value? (Round final answer to the nearest whole dollar amount.)