Casey Nelson is a divisional manager for Pigeon Company, His annual pay raises are largely determined by his division's return on Investment (RON, which has been above 21% each of the last three years. Casey is considering a capital budgeting project that would require a $3.700,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 17%. The project would provide net operating income each year for five years as follows: $ 3,600,000 1,680,00 1,920,000 Sales Variable expenses Contribution margin Fived expenses: Advertising, salaries, and other fixed out of-pocket costs Depreciation Total fixed expenses Net operating income $ 720,000 740.000 1,460,000 40,000 Click here to view Exhibit 148.1 and Exhibit 140-2 to determine the appropriate discount factors) using tables BOOT - acetValue of the SO 1 Periods 50% -7% 99 10 11 123 153 16 m 162 199 200 211 225 23 24 25 + 0.9620952 09009150925 0.977 090909010893 05 087708700862 0.855 0.347 0.540 0333 0.026 0.0200.0130306 0.000 2 0925 0.907 0.590 073 0857 0.542 0820 20.797 0753 0.709 0.750 0.700.7710718 0.70606940.600.672 0661 0650 0.640 3 08890.364 084000294 0772 0.751 073 072 0.000 0.679 0658 0.64 0.24 0.609 0.593 0.579 0.556 0.551 0.537 0524 0.512 0.855 0.021 0.792 0.13 0.735 0700083 000 000 000 0.50205720552 0534 0516 0.190 0.42 0.467 0451007 0.423 0410 5 0522 0734 0.17 0.7 0.650 0621 0503 056 050 05190497 0.6 0456 0.07 0.10 0.40) 0.386 0.370 0.355 0.341 0.328 07900346 0203 0.000 0.000 0.506 0564 0.535 0.507 0.400 0.456 0432 0.4 0.30 0.370 0352 0.335 0.31 0.0002000275 0262 2 0.7000M 0.665 0022 053 0541 050 0412045204250.400 0076 0.954 om 0.31 0295 02700263 024 0235 0222 0.210 0 0.31 0.6770627 05020540 0.502 0.467 0056 0.404 0176 0.351 0.327 0305022562660249 0237 02130204091 0119 0168 9 0.700 0005 052 0541 0.500 0.40 0.24 0.01 0.351000308 0254 0.253 07602250 2000194013000155 054 0134 10 000010 0.550 0.50 0.13 0.422 031 015203220295 02700270227 02080191 0176 0162 0.100 0.007 0.126 0.007 11 0.650 0.55 0.527 0.05 0.429 038 035003170207 0.201 0237 0215019501704200500112 0103 0.001 008 12 0.625 0557097 0.4 0.3970356 0.319 0206 0257 0231 0.20 0.117 0169 0152017 024 OTO 000 0.092 003 0.000000 0.601 0530 0469 0.5 0.365 0325 0.250 0.250 0229 0.704 032 070145 000 0.504 0000 0084 075 0680061 0.055 05T10505 0.412 0.388 0.340 0.299 0.200 0.22 0.205 0181 0.0041 0125 0.1 0.099 0.098 0.078 0.00 0.00 0.05 0.019000 15 0555 6401 0417 0362 0.25 0275 0.23 0.209 010 036003400123 0908 0095 0.094 0074 0.005 0.051 005 0045 004 0035 10 0534 0.058 0.794 0779 0292 0252 026 016 01 012301070093 001 007 0.002 0054 0067 00000600120029 12 050 0495 0.71 0010270 0231 0.90 0.160.125 0.00 0.00 0000 0000 0000 0052 0045 000 0034 0030 0.025 0.027 10 0.44 0.4% 0.350 02900250021201300153 0130 0 0 095 001 000 0059 003 004 0.0380032 0.028 0034 0.021 0018 19 0475 0295 0331 027 02120001540133 0115 0.098 000070 0.00 0.061 000 0.00 0.00 0.021 0023 0000000005 20 0.156 031 0.312 0.258 02150178 0449 0124 0904 0m 0072 0.001 ost004 0.037 0.001 0.025 0.022 0.0190.0% 0.010012 21 0.4390359 0.294 02420199 0940135 9.112 0.090 0.07 0.064 0053 0044 002 003 0.025 0.02 00001500000 0.005 22 0.422 0.342 0.271 0221 01840150 0120301 0.0000068 0056 0046 0038 0032 0.025 0.022 0.0005 0000 0.000 0.007 2 0496 022 0.22 0.21 0170 001010 0.081 0.07 0.060 0049 0040 0.00 0.02 0.022 0.0130095 000 000 0.00 0.00 0.006 24 0.30 0.20 0.2470058 0126 0102 0082 0.066 0.053 000 0.035 0.021 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25 0.375 0.795 020 0194 OS 00820074 0.000 0.00 0.00 0.0300024 0.021 0.0000 0.00 0.00 0.00 0.00 0.00 0.004 26 0301 02 02200172 00501000054 0000053 0042 033 0.025 0.025 0.01 0.04 0.01 0.003 0.007 0.000 0005 0004 0000 22 03002580297 00 0035 0.00000000000000290021 000 001 0000 0 0.000 0.00 0.00 0.00 0.00 03 0255 000 1500 0.000009005600120011 000 000 000 000 0010 0.00 0.00 0.005 0000 0000 00020000 20 01210.2005 0102 0000 0000 002 00000000000001 000 000 000 000 000 000 000 000 0.00002319114 00900750057 00 0.00 0.026 0020 0,015 000 0000 000 000 0004 0.00 0.00 0.000000 000 6.2010200970067 004 000 0002 00100 0000 000 0004 0000 0000 000 000 0000 0000 0000 0000 0000 0000 010 00 DHIBIT 1-2 Petant alue of an Annuity of 5 in Arrart 7161 Peros 58 EN 30 ON 15 16% 198 199 20% 218 22 23 24 253 09020.952 0943 09350926 0.90 0.909 0.901 08930385 0.972 0.870 0.382 0.855 0.847 0.840 0.833 0026 0.820 0.313 0.000 0.500 2 1885 1859 1833 1808 1783 1759 1736 1713 1090 1668 167 1626 1605 155 156 157 158 150914921474 1457 140 3 2773 2722 2.673 2024 2.577 2531 2487 2444 2.402 2361 2,322 2283 2246 2210 2174 2.500 2.906 2014 2012 2011 1981 1952 4 3.630 15:45 1465 23872312 3.240 310 3102 3037 2.914 2.914 2.855 2.798 2.743 25902539 2.589 2.540 2.491 2413 2004 2362 5 4452 4329 4212 4.00 1993 3.99037913695 3.605 3.517 3433 1352 314 399931273058 2991 2928 2864 2003 27452.589 6 5242 5076 4912 4757 4623 554231 411 1998 3.089 1704 365 3.589 3490 3.450 3326 3245 3567 3.082 3.020 2951 7 60025786 5.50 5.389 5206 5,033 468 4712 4554 4423 4288 4.50 4.009 1922 381237067505 3.508 3456 3:377 3.242 3161 8 5.753 5000 8.210 5971 5747 5.55 5335 5505 4998 4299 4609 4487 43444 207 4078 3.95 3.631 3726 3619 3.518 3.21 3.329 9 2.435 7108 6302 6.515 6.247 5.995 5759 5537 5378 5024946 4772 4507 4451 430361834001 3.905 1706 367 3566 7463 10 B. 7722 230 202 6710 6.5455899 5.650 5.426 5215 5.09 4833 4659 4494 433945924054 1923 3799 1822 3571 10 8.76003067887 7499 700 6.9056495 6207 5.938 5687 5453 5.23 5.029 48364556 44064.327 4.7 4.0352902 3.778 1656 9365 3.3614 790 7536 6.146.492 6194 59185660 5421 5197 4598 4793 401 409 4278427 29652151 3725 9.9959394 B.053 0358 7904 7402 7103 6.750 6.424 5.1225.842 5.583 5.342 5113 4910 47154530352 203 4053 1912 3700 14 90563 9099 9.295 8345 8.244 7786 73676982 6 628 03026002 5724 5.2585229 5008 4007 4611 432426541091962 1921 15 18 103802 9.00 8.598.000 7600 7191 8.81 5.45261425.841 5.575 5.326 5.0924370 675 4.439 435 453 40013859 16 1652 10.833 90.00 9647 8.85 3.10 7824 2379 6.9746604 6265 5951 5666 5405 552 493 4730 4.576 437 499 4033 1887 17 12966 1127490.477 9783 9122 35 8022 7549 2120 67296.373 604757495475 5222 4990 4775 456 439 429 4052010 12.559 116909062010059 972 8.756 8201 7702 7.250 6.540 6.667 6228 5885534 5.273 5.090 481246089 19 13134 12.065 1158 424340803921 10.336 9004 1.950.365 2809 73666.903 6550 61905877 554 5.386 5.070 450 460542 426 2097 3902 20 025901240211470 105949018 9129 7.96374597025 6623 6259 5.929 562 5353 5101 400 4557 4450427940 2054 21 140291252111764 101 9292 1649 306 25627802 6587 63125.9735.665 5384 51274391 4675 4.475 42924191 22 1451 139611201211061 10.201 942 3.900 8.772 3.170 26457170 674 63596.011 5.000 5.40 5.500 90909084302400 3.920 2 14057 3.400 12.3031127237 9.530 BB320627 2230 6292639950572502 5567 24 4925499 1547 1279912650 10529 9.707 39 1985 3:3482754 72000135 6434 607357465451 52 4ST 25 4507403.58 15.622 1.01273 1654 9.077 3.4227887230 673 644 0975.700 5.65 595 494721 455 42347 25 15 903 1375 13.0039825109.929 101 347090272 6005 6:4916.118 5783 543052064504723204:28 29 96 3300 32 196 1987 90.9359032 9237507903 7609 6.935 65146156 28 57995482 525 554 4734 404 404154 156534140012017 1950 1105116 9.307 602 70517401 6.961 6534 0152 SO 5502 5.223490452354193 1992 29 9045101 13291211758 30990 93708050302270069365516165 10 17.292 15:3121765 12.409125802744275694055709 5820 5.500 5229950550 100 7003 65066177 51295 5235 40 45 534 00 195 19.793 17159 15040312 09255075797799512475347 6612622575585258 499 470 54150 4156 2909 What is the project's net present value? (Round your final answer to the nearest whole dollar amount.) Net protontalo Req2 > What is the project's internal rate of return? (Round your answer to the nearest whole percentage, le 0.123 should be considered as 12%.) Internal rota of relum % What is the project's simple rate of retum? (Round your answer to 1 decimal place.) Simple rate of team