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been stuck in this for the last hour some help would be great! Casey Nelson is a divisional manager for Pigeon Company. His annual pay

been stuck in this for the last hour some help would be great! image text in transcribed
Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division's renurn on investment (ROI), which has been above 24% each of the last three years. Casey 15 considering a capital budgeting project that would require a $6,100,000 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 iricome each year for five years as follows: Click here to view Exhibit14B4 and Exhibit 14B-2, to deremine the oppropriate discount factor(5) using tables. Required: 1. What is the project's net present value? 2. What is the project's internal rate of retum to the nearest whole percent? 3. What is the project's simple rate of retum? 4-a. Would the company want Cosey to pursue this investment opportunity? 4.b. Would Casey be inclined to pursue this investnent opportunity

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