Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projections: Year 0 1 2 3 Sales (Revenues) 100,000 100,000 100,000 - Cost of Goods Sold 50,000 50,000 50,000 Depreciation 30,000 30,000 30,000 EBIT 20,000 20,000 20,000 Taxes (35%) 7000 7000 7000 = unlevered net income 13,000 13,000 13,000 + Depreciation 30,000 30.000 30,000 -5000 -5000 10,000 + changes to working capital capital expenditures 90,000 (1) What is the NPV of this project? (2) Epiphany is worried about the reliability of the sales forecast. How sensitive is the project's NPV to a 10% change in sales? (Assuming sales affects COGS but doesn't affect NWC) (3) How sensitive is the project's NPV to a 10% change in COGS