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 $4.450,000 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 $ 4,300,000 1,960,000 2,340,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 790,000 890,000 1,680,000 $ 660,000 Click here to view Exhibit 148-1 and Exhibit 1482. 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 retur? 4-. Would the company want Casey to pursue this investment opportunity? 4-1 Would Casey be inclined to pursue this investment opportunity