Problem 12-17 Net Present Value Analysis; Internal Rate of Return; Simple Rate of Return [LO12-2, LO123, 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 (RON, which has been above 21% each of the last three years. Casey is considering a capital budgeting project that would require a $3,700,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company's discount rate is 17\%. The project would provide net operating income each year for five years as follows: Click here to view Exhitat 128.1 and Exhibit 12E-2, to determine the oppropriate discount factor(s) using tabies. 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 retum? 4-a. Would the compary want Casey to pursue this investment opportunity? 4-b. Would Casey be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. Required: 1. What is the project's net present value? 2. What is the project's internal rate of retuin? 3. What is the project's simple rate of return? 4-a. Would the company want Casey to pursue this investment opportunity? 4-b. Would Casey be inclined to pursue this investment opportunify? Complete this auestion by entering your answers in the tabs below. What is the project's net present value? (Round your hinal answer to the nearest whole doliar amount.) 4-b. Would Casey be inclined to pursue this investment opportunity? Complete this question by entering your answers in the tabs below. What is the project's intemal rate of return? (Round your answer to the nearest whole percentage, 1.e. 0.123 should be consldered as 12% ? What is the project's simple rate of return? (Round your answer to 1 decimal place.) Complete this question by entering your answers in the tabs below. Would the compary wert Caser to puriue this investment oppertunity? Complete this question by entering your answers in the tabs below. Would Casey be inclined to pursue this investment opportunity