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Birkenstock is considering an investment in a nylon-knitting machine. The machine requires an initial investment of $26, 300, has a 5-year life, and has no

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Birkenstock is considering an investment in a nylon-knitting machine. The machine requires an initial investment of $26, 300, has a 5-year life, and has no residual value at the end of the 5 years. The company's cost of capital is 10.12%. 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 likely Optimistic $6,790 $9,290 $11,650 2 7,300 10,350 13,200 3 8,780 11,810 15,840 4 7,820 10,740 12,770 5 5,740 7,710 8,800 1 For the pessimistic scenario, the NPV is $ (Round to the nearest cent.)

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