4. A new project is being considered and the data is given below. The asset has a 3-year life, would be depreciated on a straight-line basis over the project's 3-year life, and would have a zero salvage value after Year 3. Operating working capital change would be of $1000. Revenues and other operating costs will be constant over the project's life. If the units decline by 40% from the expected level, find the change in NPV. Investment cost Units Price/Unit Fixed costs V cost/unit Annual depreciation WACC Tax rate $60,000 2,800 $25.00 $10,000 $5.375 $20,000 15.0% 35.0%