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:

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using

tables.

Required:

What is the project's net present value?

What is the project's internal rate of return to the nearest whole percent?

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.

What is the project's net present value? $($Round your final answer to the nearest whole dollar amount.$)$