Problem $12-17($Algo$)$ Net Present Value Analysis; Internal Rate of Return; Simple Rate of Return $[$LO$12-2,$ LO$12-3,$ LO$12-6]$

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 $24\%$ 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:

$\backslash$table$[[$Sales$,,$$$4,100,000$