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A company is considering a new project requiring an upfront fixed-asset investment of$1,000,000 with an economic life of 5 years. Depreciation is taken on a

A company is considering a new project requiring an upfront fixed-asset investment of$1,000,000 with an economic life of 5 years. Depreciation is taken on a straight-line basis, with no expected salvage value. Net working capital required immediately is expected to be $100,000 and will be recovered in full upon the project's completion. In the pessimistic-scenario forecast, the annual sales volume is 24,300 units, while the sale price is $75 per unit with a variable cost of $37 per unit. Annual fixed costs are estimated to $690,000. If the appropriate discount rate is 9.50% and the tax rate 30.00%, what is the project's NPV? Group of answer choices $178,763 $126,903 -$178,763 -$126,903

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