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Required information [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 $ 2,739,000 1,100,000 1,639,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out of pocket costs Depreciation Total fixed expenses Net operating income $641,000 578,000 1,219,000 $420,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. 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 o check mark for a correct answer and double click the box with the question mark to empty the box for o 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 costs expenses 2 Depreciation expense 2. What are the project's annual net cash inflows? Annuai net cash now 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount). 4. What is the project's net present value? (Round final answer to the nearest whole dollar amount)