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[The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,810,000 investment in equipment with

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[The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,810,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the approprlate discount factor(s) using table. 3. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, wich actually turned out to be 45%. What was the project's actual net present value? (Negative amount should be indicated by a ninus sign. Round discount factor(5) to 3 decimal places, intermediate calculations and final answer to the nearest whole dollar amount.)

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