Derrick Nerson is a divisional mansger for Holston Company His annual pay raises are largely determined by his division's retum on ivestment (FO/1 which has been wbove 20 K esch of the iast three years. Derrick is considering a capital budgeting project that would require a 53,000,000 investment in equigment with a useful life of five years and no salvage value. Holston Compony/s discount fate is 15\%. The project would provide cot operating incone each year for five years as follows: Cick here to vew Extibs:20-1 and Exhbit 78.2. to determine the appropriate discount factor(s) using tables. Required: 1 Compute the project's net present value. 2. Conpule the project's simple rate of retum 3a. Would the compery want Derrick to pursue this investment opportunity? 3a. Would Derick be indined to pursue ins investment opportunity? Cempiete this questlon by entering your answers in the tabs below. Wovid Derikk be indined to pinue thit investment opporturuty