Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division's return o investment (ROI), which has been above 23% each of the last three years. Casey is considering a capital budgeting project that w require a $5,380,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount ra 19%. The project would provide net operating income each year for five years as follows: $ 4,800,000 2,160,000 2,640,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 840,000 1,076,000 1,916,000 $ 724,000 Click here to view Exhibit 7B-1 and Exhibit 7B-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-b. Would Casey be inclined to pursue this investment opportunity? Req 1 Reg 2 Req 3 Req 4A Req 4B What is the project's net present value? (Round your final answer to the nearest whole dollar amount.) Net present value Req 1 Req 2 Req 3 Req 4A Req 4B What is the project's internal rate of return? (Round your answer to the nearest whole percentage, i.e. 0.123 should be considered as 12%.) Internal rate of return % Req 1 Req 2 Req 3 Req 4A Req 4B What is the project's simple rate of return? (Round your answer to 1 decimal place.) Simple rate of return %