Check my work Casey Nelson is a divisional manager for Plgeon C investment (ROI), which has been above 22% each of the last three years Casey is considering a capital budgeting project that would require a $3,900,000 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: 3,800,e80 1,760,000 2,648,80 Advertising, salaries, and other fixed out-of-pocket costs Depreciation $ 740,000 780,000 Tatal fixed expenses Net operating income 1,528,80 $ 520,000 Click here to view Exhibit 138-1 and Exhibit 138-2 to determine the appropriate discount factor's) using tables es 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 4-b. Would Casey be inclined to pursue this investment opportunity? the company want Casey to pursue this investment opportunity? Complete this question by entering your answers in the tabs below Req 4A Req 48 Req 2 Req 3 Req 1 What is the project's net present value? (Round your final answer to the nearest whole dollar amount,) t present value Req 2 )