Birkenstock is considering an investment in a nylon-knitting machine. The machine requires an initial investment of $27,400, has a 5-year life, and has no residual value at the end of the 5 years. The company's cost of capital is 10.98% . Known with less certainty are the actual after-tax cash inflows for each of the 5 years. The company has estimated expected cash inflows for three scenarios: pessimistic, most likely, and optimistic. These expected cash inflows are listed in the following table. Calculate the range for the NPV given each scenario.(Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Expected cash inflows Year Pessimistic Most

Expected cash inflows Year Pessimistic Most likely Optimistic 1 6,710 9,290 11,670 2 7,150 10,160 13,230 3 8,680 11,690 15,710 4 7,820 10,670 12,740 5 5,720 7,700 8,680

For the pessimistic scenario, the NPV is

$enter your response here.

(Round to the nearest cent.)

Part 2

For the most likely scenario, the NPV is

$enter your response here.

(Round to the nearest cent.)

Part 3

For the optimistic scenario, the NPV is

$enter your response here.

(Round to the nearest cent.)

Part 4

The NPV range is

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(Round to the nearest cent.)