Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's return on investment (RO), which has been above 20% each of the last three years. Derrick is considering a capital budgeting project that would require a $4,000,000 investment in equipment with a useful life of five years and no salvage value. Holston Company's discount rate is 16\%. 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 factor(s) using tabies. Required: 1. Compute the project's net present value. 2. Compute the project's simple tate of return. 3a. Would the compony want Derrick to parsue this ifvestment 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 finat answer to the nearest whole dollar amount.)