Magellen Industries is analyzing a new project. The data they have gathered to date is as follows: 100001 Lower Bound Expected Value Sales quantity Upper Bound 95001 Sales price per unit 10500 $9.75 510.00 51025 Variable cost per unit $4,80 $5.20 35.60 Fixed cost $15,000.00 $18,000.00 $21,000.00 Initial requirement for equipment: $120,000 Depreciation: Straight line to zero over the four year life of the project with no savas value Required rate of return: 15% Marginal tax rate: 35% What is the net income under the worst-case scenario? $7,524 $4,051 -$11,575 $1,316 -$7,524