Casey Nelson is a divisional manager for Pigeon Company. His annual pay ralses are largely determuned by his division's return on Investment (ROQ. Which has been above 23% each of the last three years. Casey is consideting a capital budgeting project that would require a $5,620,000 investment in equipment with a useful iffe of five years and no salvage value. Pigeon Company's discount rate is 19\%. The project would provide net operating income each year for five years as follows: Cick here to vew and Exhibit 148-2, to determine the approprate discount factoris) 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 irvestment opportunity? 4.b. Would Casey be incined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. What is the project's net present value? (Round your final answer to the nearest whole dollar amount.) IB 14B-1 Present Value of 51;1(1+r)n Present Value of an Aanaity of 51 in Arrears; 1r[11(1+t)n] Casey Nelson is a divisional manager for Pigeon Company. His annual pay ralses are largely determuned by his division's return on Investment (ROQ. Which has been above 23% each of the last three years. Casey is consideting a capital budgeting project that would require a $5,620,000 investment in equipment with a useful iffe of five years and no salvage value. Pigeon Company's discount rate is 19\%. The project would provide net operating income each year for five years as follows: Cick here to vew and Exhibit 148-2, to determine the approprate discount factoris) 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 irvestment opportunity? 4.b. Would Casey be incined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. What is the project's net present value? (Round your final answer to the nearest whole dollar amount.) IB 14B-1 Present Value of 51;1(1+r)n Present Value of an Aanaity of 51 in Arrears; 1r[11(1+t)n]