Casey Nelson is a divisional manager for Pigeon Company His annual pay raises are fargely determined by his division's return on investment (RON), which has been above 24% each of the last three years Casey is considering a capital budgeting project that would require a 54,900,000 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: $ 4,600,000 2,000,000 2,520,000 Sales Variable expenses Contribution margin Fixed expenses Advertisins. salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating Income 5820,000 900,000 1,800,000 720,000 Click here to view Exhibit 2.1 and Exhibit 28.2. to determine the appropriate discount factors) using tables Required: 1 What is the project's net present value? 2. What is the project's Internal rate of return? 3. What is the project's simple rate of return? 4-a. Would the company want Casey to pursue this investment opportunity 4-6. Would Casey be inclined to pursue this investment opportunity Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg Reg 4 Reg 43 What is the project's net present value? (Round your final answer to the nearest whole dollar amount) Req2 > Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 Reg 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 retum % ( Req1 Req3 > 4-5. Would Casey Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg Reg 4 Reg 48 What is the project's simple rate of return? (Round your answer to 1 decimal place.) Simple rate of retum Complete this question by entering your answers in the tabs below. Reg 2 Reg 1 Reg 3 Req 4A Reg 48 Would the company want Casey to pursue this investment opportunity? Yos No Complete this question by entering your answers in the tabs below. Reg 2 Req3 Reg 1 Req 1A Red 4B Would Casey be inclined to pursue this investment opportunity? Yes ONO Req 4A Regal