Develop a proposal for the case if UCW wants to invest in a new Program. The project under consideration costs $7,000,000, has a 5 (five) years life, and has no salvage value. Depreciation is straight-line to zero. The required return is 17%. Sales are projected at 1,500 students/year. Tuition Fees per student will be $5,500. Variable cost per student will be $2,500, and fixed costs are $1,500,000 per year. Tax rate is 30%. Ignore CCA. Your proposal should contemplate the following questions and problems: Suppose you think that the number of students is accurate to within 15%. Calculate the upper and lower bounds for these projections. (BEST-case and WORST-case scenarios). 1. Calculate the Base-case NPV and IRR (1,500 students/year). Should UCW accept the project based on the base-case scenario? 2. Calculate the BEST-case NPV and the WORST-case NPV and IRR If you look at best and worst-case scenarios, what else should be considered? Will you change your recommendation and why? 3. Calculate other project evaluation criteria that you learned from the textbook and lessons: - Payback period - discounted payback period - breakeven point - profitability index, - average accounting return and explain what it means in terms of this project, how it will influence your decision . can you please solve the question ?