Casey Nelson is a divisional manager for Pigeon Company. His annual pay ralses are largely determined by his division's return on investment (ROI), which has been above 22% each of the last three years. Casey is considering a capltal budgeting project that would require a $3,800,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 18\%. The project would provide net operating income each year for five years as follows: Click here to view Exhibit 78-1 and Exhiblt 78-2, 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 to the nearest whole percent? 3. What is the project's simple rate of return? 4-a. Would the company want Casey to pursue this investment opportunity? 1-b. Would Casey be inclined to pursue this Investment opportunity