6 1.00 points 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 $4,200,000 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: Sales Variable expenses $4,100,000 1,880,000 Contribution margin Fixed expenses: 2,220,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $770,000 840,000 Total fixed expenses 1,610,000 Net operating income S 610,000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables