The Foundational 15 (Algo) (L012-1, LO12-2, 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 $2,870,000 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 $ 2,861,000 Variable expenses 1,101,000 Contribution margin 1,760,000 Fixed expenses Advertising, salaries, and other fixed out-of-pocket costo $ 705,000 Depreciation 574,000 Total Fixed expenses 1.279.000 Net operating income $ 481,000 Click here to view Exhibit 128-1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using table. Foundational 12-13 (Algo) 13. 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 minus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.) Not present value (334, 102)