Check my work 9 Problem 12-17 Net Present Value Analysis; Internal Rate of Return; Simple Rate of Return [L012-2, LO12- 3, LO12-6] 0.9 points Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division's return on investment (RO), 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 1996. The project would provide net operating income each year for five years as follows: eBook Sales Variable expensea Contribution margin Pixed expenses: 4,400,000 2,000,000 2,400, 000 Print Advertising, salaries, and other fixed out-of-pocket costs Depreciation 800,000 940,000 References Total fixed expenses Net operating income 1,740,000 $ 660,000 Click here to view Exhiblt 12B-1 and Exhibit 12B-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? 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? Complete this question by entering your answers in the tabs below