Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division's return on investment (ROI), which has been above 24% each of the last three years. Casey is considering a capital budgeting project that would require a $5,850.000 investment in equipment with a useful life of five years and no salvage value Pigeon Company's discount rate is 20%. The projet would provide net operating income each year for five years as follows Sales S 5,200,000 Variable expenses 2,320,000 Contribution margin 2,880,000 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation $880,000 1.170,000 Total fixed expenses 2,050.000 erating income S 830,000 Cliok here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate disoount factors) using tables Required: 1. What is the project's net present value? (Round discount factoris) to 3 decimal places.) Net present value 2. What is the projects intemal rate of return to the nea est whole peroant? nternal rate of return tRound percentage answer to 1 decimal place..e 3 What is the srajeets simpis ate af retwn 0.123 should be considered as 1239 Simpla rate of rstun