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 23% each of the last three years. Casey is considering a capital budgeting project that would require a $4, 100,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 19%. The project would provide net operating income each year for five years as follows: Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables. What is the project's net present value? (Round discount factor(s) to a decimal places.) What is the project's internal rate of return to the nearest whole percent? What is the project's simple rate of return? (Round percentage answer to 1 decimal place, i.e. 0.123 should be considered as 12.3%.) Would the company want Casey to pursue this investment opportunity? Yes No Would Casey be inclined to pursue this investment opportunity? Yes No