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 $5,950,000 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. $ 5,100,eee 2.360,000 2,940,000 Sales Variable expenses Contribution margin Fixed expenses Advertising. salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 890,000 1.190.000 2.00e.ee $360,000 Click here to view Exhibit 148.1 and Exhibit 140-2. 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 retum 4-6. Would the company want Casey to pursue this investment opportunity? 4-6. Would Casey be inclined to pursue this investment opportunity