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 $4,000,000 Investment in equipment with a useful life of five years and no salvag value. Pigeon Company's discount rate is 19%. The project would provide net operating income each year for five years ollows: Sales $ 3,900,000 Variable expenses 1,800,000 Contribution margin 2,100,000 Fixed expenses Advertising, salaries, and other fixed out-of- pocket costo $ 750,000 Depreciation 800,000 Total fixed expenses 1,550,000 Net operating income $ 550,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: 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