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 24% each of the last three years. Casey is considering a capital budgeting project that would require a $5,050,000 Investment In equlpment 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: Click here to vlew Exhlbit 14B-1 and Exhlbit 14B-2, to determine the approprlate discount factor(s) using tables. Requlred: 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