Problem 14-17 (Algo) Net Present Value Analysis; Internal Rate of Return; Simple Rate of Return [LO14-2, L014-3, L014-6] Casey Nelson is a divisional manager for Pigeon Company. HIs annual pay ralses are largely determined by his division's return on Investment (ROI), which has been above 24% each of the last three years. Casey Is considering a capital budgeting project requiring a $4,800,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 20%. The project would provide net operating income each year for five years as follows: Click here to view and to determine the approprlate discount factor(s) using tables. Requlred: 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. What is the project's net present value? Note: Round your final answer to the nearest whole dollar amount. Problem 14-17 (Algo) Net Present Value Analysis; Internal Rate of Return; Simple Rate of Return [LO14-2, L014-3, L014-6] Casey Nelson is a divisional manager for Pigeon Company. HIs annual pay ralses are largely determined by his division's return on Investment (ROI), which has been above 24% each of the last three years. Casey Is considering a capital budgeting project requiring a $4,800,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 20%. The project would provide net operating income each year for five years as follows: Click here to view and to determine the approprlate discount factor(s) using tables. Requlred: 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. What is the project's net present value? Note: Round your final answer to the nearest whole dollar amount