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 capltal budgeling project requiring a $4,200,000 investment in equipment with a useful life of five years and no salvage value. Holston Company's discount rate is t8\%, The project would provide net operating income each year for five years as follows: Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount foctor(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 Detrick be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Compute the project's not present value. Note: Round your final answer to the nearest whole dollar amount. Complete this question by entering your answers in the tabs below. Compute the project's simple rate of return. Note: Round your answer to 1 decimal place i,e, 0.123 should be considered as 12.34 . Complete this question by entering your answers in the tabs below. Would the company want Derrick to pursue this invstment opportunity? Complete this question by entering your answers in the tabs below. Would Derrick be inclined to.pursue this investment opportukity? ExHis 148-1 PreventWalueof$1;a+n21 ExHInrr 14b2