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 22% each of the last three years Casey is considering a capital budgeting project that would require a $3,800,000 investment in equipment with a useful life of five years and no salvage value, Pigeon Company's discount rate is 18%. The project would provide net operating income each year for five years as follows: $ 3,700,000 1.720,000 1,980,000 ook Sales Variable expensen Contribution margin Tixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses wat operating income $ 730,000 760,000 1,490.000 5 490,000 Click here to view Exhibit 28.1 and Exhibit B 2. to determine the appropriate discount factor(s) using tables Required: 1. What is the project's not 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? 4-8 Would the company want Casey to pursue this investment opportunity? 4-5. Would Casey be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Reg Reg NG What is the project's not present value Round you that answer to the nearest whole dollar amount Nel cround will