Derrick lverson 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 obove 20% eoch of the last three years. Derrick is considering a capital budgeting project that would requre a $4,140,000 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 7B-1 and Exhiblt 78-2, to determine the appropriate discount factor(5) 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. Noto: 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 net present value. Note: Round your final answer to the nearest whole dollar amount. 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. Note: Round your answer to 1 decimal place i.e. 0.123 should be considered as 12