The Foundational 15 (Static) (L014-1, LC14-2, L014-3, LO14-5, L014-6) (The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2.975,000 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: Sales $ 2,735,000 Variable expenses 1,000,000 Contribution margin 1,735,000 Fixed expenses : Advertising, salaries, and other fixed out- of-pocket costs $ 735,000 Depreciation 595,000 Total fixed expenses 1,330,000 Net operating income $ 405,000 Click here to view Exhibit 148-1 and Exhibit 148-2. to determine the appropriate discount factor(s) using table. Foundational 14-2 (Static) 2. What are the project's annual net cash inflows? Annual net cash inflow Foundational 14-3 (Static) 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount.) Present value Foundational 14.4 (Static) 4. What is the project's net present value? (Round final answer to the nearest whole dollar amount.) Net present value Foundational 14-5 (Static) 5. What is the profitability index for this project? (Round your answer to 2 decimal places.) Profitability Index Foundational 14-6 (Static) 6. What is the project's internal rate of return? (Round your answer to nearest whole percent.) Project's internal rate of return % Foundational 14-7 (Static) 7. What is the project's payback period? (Round your answer to 2 decimal places.) Project's payback period years