Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division's feturn on investment (ROI), which has been above 24% each of the last three years. Casey is considering a capital budgeting project requiring 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: Click here to view Exhibit 148:1 and Exhibit148-2, 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 Cosey to pursue this investment opportunity? 4-b. Would Casey be inclined to pursue this investment opportunity? Present Valse of an Anauity of $1 in Arrears, , [1((1+t))41] Present Value of 51:w+1x1