Help Sa Casey Nelson is a divisional manager for Pigeon Company. His annual pay reises are largely determined by his division's return h of the last three years. Csey is considering a capital budgeting project that would require a $3,800,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 18%. The project would provide net operating income each year for five years as follows: Sales Variable expenses Contribution margin Fixed expenses 3,700,000 1,720,000 1,980,000 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $730,000 760,000 Total fixed expenses Net operating income 1,490,000 $ 490,000 Click here to view Exhilbit 138-1 and Exhibit 138:2, to determine the appropriate discount factors) using tables Required: 1. What is the project's net present value? 2. What is the project's internal rate of return to the nearest whole percent? 3. What is the project's simple rate of return? 4-a. Would the company want Casey to pursue this investment opportunity? 4-b. Would Casey be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Req 4A Req 4B What is the project's net present value? (Round your final answer to the nearest whole dollar amount.)