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(CH9 Problem 19) We are evaluating a project that costs $567,000, has a 7-year life, and has no salvage value. Assume that depreciation is straight-line

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(CH9 Problem 19) We are evaluating a project that costs $567,000, has a 7-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 58,200 units per year. Price per unit is $806, variable cost per unit is $586, and fixed costs are $1,945,000 per year. The tax rate is 40 percent, and we require a return of 9.6 percent on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to +/- 12 percent. Calculate the worst-case NPV figure. Round your answer to the nearest DIME

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