Ch Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by is division's return on investment (ROI), which has been above 22% each of the last three years. Casey is considering a capital bueting project that would require a $3,800,000 investment in equipment with a useful life of five years and no salvage value. Pigeonmpany's discount rate is 18%. The project would provide net operating income each year for five years as follows: $ 3,700,000 1,720.000 1,980,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 730,000 750,000 aces 1,490,000 490,000 $ 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? 4-6. Would Casey be inclined to pursue this investment opportunity