Exercise 14-9 (Algo) Net Present Value Analysis and Simple Rate of Return [LO14-2, LO14. 6] Derrick Iverson is a divisional manager for Holston Company. His annual pay ralses are largely determined by his division's return on investment (ROI). Which has been above 20% each of the last three years. Dernck is considering a caprat budgeting project that would require $4,450,000 investment in equipment with a usefut life of five years and no salvage value. Holston Company's discount rate is 18%. The project would provide net operating income each year for five years as follows: Cick here to view Exholit148-1 and Exhibit 148-2 to determine the appropriate discount factor(s) using tables Required: 1 Compute the prolecrs net present value