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 $4,700,000 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 Sales Variable expenses Contribution margin Fixed expenses: $4, 400,000 2,000,000 2,400,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $800,000 940,000 Total fixed expenses 1,740,000 $ 660,000 Net operating income Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables Required 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? Answer is not complete Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3 Req 4A Req 4B What is the project's net present value? (Round your final answer to the nearest whole dollar amount.) Net present value Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3 Req 4A Req 4B What is the project's internal rate of return? (Round your answer to whole decimal place i.e. 0.123 should be considered 129%-) Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3 Req 4A Req 4B What is the project's simple rate of return? (Round percentage answer to 1 decimal place.)