Casey Nelson is a divisional manager for Pigeon Company. His annual pay ralses are largely determined by his division's return on investment (ROI), which has been above 22% each of the last three years. Casey is considering a capital budgeting project requirino. $3,900,000 investment in equipment with a useful iffe of five vears and no salvege volue. Pigeon company's discount rate is 10%. The project would provide net operating tricome each yoar for flve vas and no inili... Click here to view Exh bit 148,1 and Exhibit 14822, to determine the oppropriate discount factor(5) using tables. Required: 1. What is the prolect's net present vatue? 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? Complete this question by entering your answers in the tabs below. What is the project's net present value? Notel Round your final answer to the nearest whole dollar amount? EXHIBIT 148-2 Prosent Value of an Annuity of $1 in Arrears, (11(1+r)21] HIBT 148-1