Requlred Information

The Foundational $15($Algo$)[$LO$12-1,$ LO$12-2,$ LO$12-3,$ LO$12-5,$ LO$12-6]$

$[$The following information applies to the questions displayed below.$]$

Cardinal Company is considering a five$-$year project that would require a $$2,765,000$ 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:

Click here to view Exhibit $12$B$-1$ and Exhibit $128-2,$ to determine the appropriate discount factor$($s$)$ using table.

Foundational $12-3($Algo$)$

$3.$ What is the present value of the project's annual net cash inflows? $($Round your final answer to the nearest whole dollor amount.$)$

Present value