I need help please

Exercise 14-9 (Algo) Net Present Value Analysis and Simple Rate of Return [LO14-2, LO14-6] Derrick lverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's return on investment (ROl), which has been above 20% each of the last three years. Derrick 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. 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 14B-1 and Exhibit 148-2, to determine the oppropriate discount factor(s) using tables. Required: 1. Compute the project's net present value. 2. Compute the project's simple rote of retum 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. (Round your answer to 1 dedimal place i.e. 0.123 should be considered as 12,3%