2. what is the projects internal rate of return (percentage)

3. what is the projects simple rate of return (rounded to 1 decimal place)

4a. would the company want Casey to pursue this investment opportunity? yes or no

4b. would Casey be inclined to pursue this investment opportunity? yes or no

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 $4,900,000 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: $ 4,600,000 2,080,000 2,520,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 820,000 980,000 1,800,000 720,000 Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine 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? 3. What is the project's simple rate of return? 4-a. Would the company want Casey to pursue this investment opportunity? 4-b. Would Casey be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 Reg 4A Reg 4B What is the project's net present value? (Round your final answer to the nearest whole dollar amount.) Net present value