1. A project to develop a new product requires an immediate investment of 15 million. Free cash flows generated by this project are 20% of sales. Sales are expected to be level, and to continue for a certain number of years, at which point the product becomes obsolete. The best and worst cases for each assumption are: Annual sales (5 million) Number of years Cost of capital Worst case 4 3 0.16 Baseline Best case 5 6 5 7 0.12 0.08 Perform a sensitivity analysis on the three factors listed in the table. Which factor is the NPV most sensitive to