Derrick iverson is a divisional manager for Holston Company. His annual pay ralses are largely determined by his division's return on investment (ROD), which has been above 20% esch of the last three years. Derrick is considering a capital budgeting project that would require a $4,120,000 investment in equipment with a useful ilfe of five years and no salvage value. Holston Company's discount rate is 17%. The project would provide net operating income each year for flue years as follows: Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: 1. Compute the project's net present value. 2. Compute the project's simple rate of return. 3a. Would the company want Derrick to pursue this investment opportunity? 3b. Would Derrick be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Compute the project's net present value. (Round your final answer to the nearest whole dollar amount.) Click here to view Exhibit 14B1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: 1. Compute the project's net present value. 2. Compute the project's simple rate of return. 3a. Would the company want Derrick to pursue this investment opportunity? 3b. Would Derrick be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Compute the project's simple rate of return. (Round your answer to 1 decimal place l.e. 0.123 should be consid bed as 12.3%