A project requires an initial investment of $10,000, straight-line depreciable to zero over 4 years. The discount rate is 10%. Your tax bracket is 34% and you receive a tax credit for negative earnings in the year in which the loss occurs. Additional information for variables with forecast error are shown below. Lower Bound Unit Sales Price/unit Variable cost/unit Fixed costs Base Case 3,000 $14 $9 $9,000 2,750 $13 $8 $8,500 Upper Bound 3,250 $16 $10 $10,000 QUESTION 13 What is the worst case NPV for the project? Hint: You have to shuffle the numbers from the upper and lower bounds to come up with the Best and the Worst case scenario. The upper bound is not necessarily the Best Case. The best case is where the prices and quantities reach the highest levels (upper boundary) while the prices are at the level of the low boundary/ -$11,594 -$10,967 -$ 4,423 -$ 2,327 3677