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 rates 18%. The project would provide net operating income each year for five years as follows: Sales Variable expenses $ 3,700,000 1.220,000 Contribution margin 1,900,000 Fixed expenses: Advertising, salaries, and other fixed out of pocket costs 5 750,000 Depreciation 760.00 Total fixed expenses 1.600, $ 490,000 Net operating Income Click here to view Exhibit 148-1 and Exhibit 148 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 return? 4-a. Would the company want Casey to pursue this investment opportunity? 4-6. Would Casey be inclined to pursue this investment opportunity