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 20% each of the last three years. casey is considering a capital budgeting project that would require a $3,500,000 investment in equipment with a useful life of five years and no salvage value. pigeon company? s discount rate is 16%. the project would provide net operating income each year for five years as follows: click here to view exhibit 13b-1 and exhibit 13b-2, to determine the appropriate discount factor(s) using tables. required: 1. what is the project? s net present value? (round discount factor(s) to 3 decimal places.) 2. what is the project? s internal rate of return to the nearest whole percent? % 3. what is the project? s simple rate of return? (round percentage answer to 1 decimal place. i. e. 0.123 should be considered as 12.3%.) simple rate of return %