1. Use the following base-case scenario to answer the following 2 Questions: A venture under review costs $950,000, has a five-year life, and has no salvage value. Depreciation is straight-line to zero. The required return is 18 percent, and the tax rate is 40 percent. Sales are projected at 700 units per year. Price per unit is $4,500, variable cost per unit is $3,500, and fixed costs are $400,000 per year. Suppose you think that the unit sales, price, variable cost, and fixed cost projections given here are accurate to within 10 percent. What are the upper and lower bounds for these projections? What are the best- and worst-case scenario NPVS?