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Exercise 14-9 (Algo) Net Present Value Analysis and Simple Rate of Return (L014-2, LO14-6) Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's return on Investment (ROI), which has been above 20% each of the last three years. Derrick is considering a capital budgeting project that would require a $3,080,000 investment in equipment with a useful life of five years and no salvage value, Holston Company's discount rate is 17%. The project would provide net operating income each year for five years as follows: $2,700,000 1.100.000 1,600,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 620,000 616,000 1,236,000 $364,000 Click here to view Exhibit 148-1 and Exhibit 148-2. to determine the appropriate discount factor(s) using tables. Required: 1. Compute the project's net present value. 2. Compute the project's simple rate of return. 3a. Would the company want Derrick to pursue this investment opportunity? 3b. Would Derrick be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Reg 38 Reg 3A Compute the project's net present value. (Round your final answer to the nearest whole dollar amount.) Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 620,000 616,000 1,236,000 $364,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using tables. Required: 1. Compute the project's net present value. 2. Compute the project's simple rate of return. 3a. Would the company want Derrick to pursue this investment opportunity? 3b. Would Derrick be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3A Req 3B Compute the project's net present value. (Round your final answer to the nearest whole dollar amount.) Net present value KR Req2 > Net operating income 364,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: 1. Compute the project's net present value. 2. Compute the project's simple rate of return. 3a. Would the company want Derrick to pursue this investment opportunity? 3b. Would Derrick be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Req Reg 38 Compute the project's simple rate of return. (Round your answer to 1 decimal place le. 0.123 should be considered as 12.3%) Simple rate of return % Reg 1 Req3A > UUDA LLACU wapenses Net operating income 1,236,000 $ 364,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using tables. Required: 1. Compute the project's net present value. 2. Compute the project's simple rate of return. 3a. Would the company want Derrick to pursue this investment opportunity? 3b. Would Derrick be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req Reg 38 Would the company want Derrick to pursue this investment opportunity? Yes No $ 620,000 616,000 out-of-pocket costs Depreciation Total fixed expenses Net operating income 1,236,000 $364,000 Click here to view Exhibit 14B-1 and Exhibit14B-2. to determine the appropriate discount factor(s) using tables. Required: 1. Compute the project's net present value. 2. Compute the project's simple rate of return. 3a. Would the company want Derrick to pursue this investment opportunity? 3b. Would Derrick be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req Req 3B Would Derrick be inclined to pursue this investment opportunity? Yes ONO