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 $5,800,000 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: I Sales $5,100,000 Variable expenses 2.280.000 Contribution margin 2,820,000 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 870.000 Depreciation 1.160,000 Total fixed expenses 2.030,000 Net operating income $790.000 Click here to view Exhib1 and Ex48:2. to determine the appropriate discount factor(s) using tables Required: 1. What is the project's not present volue? 2. What is the project's internal rate of return to the nearest whole percent? 2. What is the project's simple rate of return? 4. Would the company want Casey to pursue this investment opportunity? 4-5 Would Casey be inclined to pursue this investment opportunity