4 4 points 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 $4,200,000 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: eBook Advertising, salaries, and other fixed out-of-pocket costs $770,000 Depreciation 840,000 Total fixed expenses Net operating income Print $ 4,100,000 1,880,000 2,220,000 1,610,888 $ 610,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to 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. 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.) Net present value < Req 1 Req 2 >