Saved Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises 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 that would require a $4,300,000 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 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses $ 4,200,000 1,920,0ee 2,280,000 $ 780,000 860, ee0 1,640,000 Net operating income 64e, eee Click here to view Exhibit 13B-1 and Exhibit 13B-2, too determine the appropriate discount factor(s) 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. Reg 4A Reg 40 Req 2 Req 3 Req 1 What is the project's net present value? (Round your final answer to the nearest whole dollar amount.) Net prsnt vai -b. Would sey be inclined to pursue this investme Complete this question by entering your answer Req 1 Req 2 Req 3 Req 4A What is the project's internal rate of return? (Round you 12%.) Internal rate of return Req 1 Complete this question by entering your a Req 1 Req 2 Req 3 Re What is the project's simple rate of return? (Roun Simple rate of return