The Foundational 15 (Algo) (L012-1, L012-2, L012-3, L012-5, L012-6) [The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a $2,500,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales $ 2,853,000 Variable expenses 1,200,000 Contribution margin 1,653,000 Fixed expenses: Advertising, salaries, and other fixed out of-pocket costs $ 790,000 Depreciation 500,000 Total fixed expenses 1,290,000 Net operating income $ 363,000 Click here to view Exhibit 128-1 and Exhibit 128-2 to determine the appropriate discount factor(s) using table Foundational 12-1 (Algo) Foundational 12-1 (Algo) Required: 1 Which item(s) in the income statement shown above will not affect cash flows? (You may select more than one answer Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Sales Variable expenses Advertising, salaries, and other fixed out-of-pocket costo expenses Depreciation expense 2. What are the project's annual net cash inflows? Annual net cash inflow 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the Prosent value 4. What is the project's net present value? (Round final answer to the nearest whole Net present value