b. Calculate the project's NPV, IRR, and MIRR, Do these indicators suggest that the project should be accepted? Explain. NPV IRR MIRR $353,865 28.14% 19.16% c. Assume that you are confident about the estimates of all the variables that affect the cash flows except unit sales. If product acceptance is poor, sales will be only 150,000 units a year, while a strong consumer response will produce sales of 250,000 units. In either case, cash costs will still amount to 70% of revenues. You believe that there is a 25% chance of poor acceptance, a 25% chance of excellent acceptance, and a 50% chance of average acceptance (the base case). (1) What is the worst-case NPV? The best-case NPV? We used this spreadsheet model to develop these scenarios: NPV Case Worst Base Best Probability 25% 50% 25% $353,865 b. Calculate the project's NPV, IRR, and MIRR, Do these indicators suggest that the project should be accepted? Explain. NPV IRR MIRR $353,865 28.14% 19.16% c. Assume that you are confident about the estimates of all the variables that affect the cash flows except unit sales. If product acceptance is poor, sales will be only 150,000 units a year, while a strong consumer response will produce sales of 250,000 units. In either case, cash costs will still amount to 70% of revenues. You believe that there is a 25% chance of poor acceptance, a 25% chance of excellent acceptance, and a 50% chance of average acceptance (the base case). (1) What is the worst-case NPV? The best-case NPV? We used this spreadsheet model to develop these scenarios: NPV Case Worst Base Best Probability 25% 50% 25% $353,865