2 Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division's return on Investment (ROI), which has been above 24% each of the last three years. Casey is considering a capital budgeting project that would require a $5,950,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 20%. The project would provide net operating income each year for five years as follows: 5 points Skipped $ 5,300,000 2,360,00 2,940,000 eBook Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income Print $ 890,000 1,190,000 References 2.080,000 860,000 Click here to view Exhibit 138.1 and Exhibit 130-2. to determ the appropriate discount factor(s) using tables. Required: 1. What is the project's net present value? 2. What is the project's internal rate of return to the nearest whole percent? 3. What is the project's simple rate of return? 4-6. Would the company want Cosey to pursue this investment opportunity? 4-b. Would Cosey be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below