Casey Nelson is a divisional manager for Pigeon Company His annual pay raises are largely 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 $6100000 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: bin i " w Variable expenses Contribution margin Fixed expenses Advertise salar 900.000 1,220.00 Depreciation Total fixed expenses Net operating income 2.120,000 Click here to view Exhibit 138.1 and Exhibit 138.2. 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 to the nearest whole percent? 3. What is the project's simple rate of return? 4-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. Req2 Reg 1 Reg3 Req 48 Reg 4 What is the project's net present value? (Round your final answer to the nearest whole dollar amount) present value