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Problem 12-17 Net Present Value Analysis; Internal Rate of Return; Simple Rate of Return [LO12-2, L012- 3, LO12-6] 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 23% each of the last three years. Casey is considering a capital budgeting project that would require a $5,510,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 19%. The project would provide net operating income each year for five years as follows: $ 4,900,000 2,200,000 2,700,000 Sales Variable expenses Contribution margin Pixed expenses Advertising, salaries, and other fixed out-of-pocket conta Depreciation Total fixed expenses Net operating income $ 850,00 1, 102,000 1,952,000 748,000 $ *** Click here to view Exhibit 12B-1 and Exhibit 120-2. 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? 3. What is the project's simple rate of return? 4-a. Would the company want Casey to pursue this investment opportunity? 4-6. Would Casey be inclined to pursue this investment opportunity? Reg 1 Reg 2 Reg 3 Req 4A Reg 4B What is the project's net present value? (Round your final answer to the nearest whole dollar amount.) Net present value Req 2 > Reg 1 Reg Req3 Reg 4A Reg 4B What is the project's internal rate of return? (Round your answer to the nearest whole percentage, i.e. 0.123 should be considered as 12%.) Internal rate of return % Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 Reg 4A Req 48 What is the project's simple rate of return? (Round your answer to 1 decimal place.) Simple rate of retum % Req 1 Reg 2 Reg 3 Reg 4A Req 4B Would the company want Casey to pursue this investment opportunity? Yes No Reg 1 Reg 2 Req3 Req 4A Req 48 Would Casey be inclined to pursue this investment opportunity? Yes No