The Foundational 15 (Algo) [LO12-1, LO12-2, LO12-3, LO12-5, LO12-6] [The following information applies to the questions displayed below] Cardinal Company is considering a five-year project that would require a $2,890,000 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 Variable expenses $ 2,739,000 1,100,000 1,639,000 Contribution margin Fixed expenses: Advertising, salaries, and other fixed out- of-pocket costs Depreciation $ 641,000 578,000 Total fixed expenses 1,219,000 $420,000 Net operating income Click here to view Exhibit 12B-1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using table.