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 $5,050,000 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: & 4.700.000 Sales 2,120,000 Variable expenses 2,580,000 Contribution margin Fixed expenses: Advertising, salarles, and other fixed $830,000 out-of-pocket costs 1,010,000 Depreciation 1,840,000 Total fixed expenses Net operating Income $ 740.000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables. Required: What is the project's net present value? (Round discount factor(s) to 3 decimal places.) Net present value 2. What is the project's Internal rate of return to the nearest whole percent? Internal rate of return 3. What is the project's simple rate of return? (Round percentage answer to 1 decimal place. I.e. 0.123 should be considered as 12.3%.) Simple rate of return % 4-a. Would the company want Casey to pursue this Investment opportunity? Yes NO 4-6. Would Casey be inclined to pursue this Investment opportunity? Yes No