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Bavar Industrins is an aulomoble manulacturer. Management is currenty evaluating a proposal to build a plant that will manutschure lighoweight truchs, Bauer plans to use

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Bavar Industrins is an aulomoble manulacturer. Management is currenty evaluating a proposal to build a plant that will manutschure lighoweight truchs, Bauer plans to use a cost of capital of 12 of to evaluale thil project Based on extenswe research, it has peepared the incremontal free cash flow projections shown below (in milions of dollars) a. For this baso-case scenario, what is the NPV of the plant to mandocture lightiveight trucks? b. Based on input froen the manketing departmont, Bsuer is uncortain about its revenwe forecast. In particular, managertent would ilie to oxarine the sensitivy of the NPV to the revenue aseumptions. What is the NPV of thit project if cevenues. ate 10% higher than forocast? What is the NDV if rovehues are 10% lowor than forecaat? c. Rather than astuting that cash flews for this project are constant, management would alo to euploce the sensitivity of its analyais to possitie growth in revenues and operating expenses Spocfoelly, manogenent would like to aswme that tevenues, mandlacturng expenses, and marketing expenses are as given in the table for year 1 and grow by 2 Ws per yoar every year starting in year 2. Monagement alco olans to ascume that the intal copital expenditures (and herefore deprecationl, adssons to working eapital, and continuation value camain as initelly specifed in the table. What is the NPV of this groject under these allemative assumptions? How does the NPV change if the corenues and operating eupenses grow by 5% per year rather than by 2 Wh? d. To examine the secelivily of this project to the diccount rate, management would liw to compute the NFV for diferent discount rates. Creato a graph. with the discount rate on the x-avis and the NPV co the yanis, for discount tates rarging from 5% to 3cos2. For what ranges of decount rates does the project have a postive NPV? a. For this base-case sconario, what is the NPV of the plact to manulacture lightivenght trucks? The NpV of the plant to manvlasture Sghhwight trucks, bated on the estimated tree cash fow is 4 mition. (Round to two decimal places.) astumptiona. What is the NPV of this project if revenues ave 10% thigher than forecast? What is the NaPV if rewencats are 10% lower than forecast? The NeVod this project it revenves are toks, higher then forecast is 1 . milion. (RRound bo two decital places.) The NPV of this propect if reverues are 10% lower than forecas is 1 . milton. (hound to two decimal places.) plecesy platne.)

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