Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's return on investment (ROI), which has been above 20% each of the last three years. Derrick is considering a capital budgeting project that would require a $3,000,000 investment in equipment with a useful life of five years and no salvage value. Holston Company's discount rate bs 15% The project would provide net operating income each year for five years as follows: $2,580,880 1,800,0e0 1,580,888 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed S 608,000 608,080 out-of-pocket costs Depreciation 1,200,080 $ 380,88e Total fixed expenses Net operating income Click here to view Exhibit 128-1 and Exhibit 12B-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. search 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. Req 2 Req 3A Req 3B Req 1 Compute the project's net present value. (Round your final answer to the nearest whole dollar amount.) present value Req 2 > Req