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 23% each of the last three years. Casey is considering a capital budgeting project that would require a $5,620,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 19%. The project would provide net operating income each year for five years as follows: $5,000,000 2.240.000 2,760,000 Sales Variable expenses Contribution margin Fixed expenses Advertising. Salaries, and other fixed out-of-pocket DOSE Depreciation Total fixed expenses Net operating income $ 60,000 1,124,000 1.984,000 776,000 $ Click here to view Exhibit 138.1 and Exhibit 138.2. to determine the appropriate discount factors) 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? 4-6. Would Casey be inclined to pursue this investment opportunity