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NPV Question 1: Adidas is thinking about designing a new pair of shoes Adidas believes it can sell 40,000 pairs of these shoes a year,

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NPV Question 1: Adidas is thinking about designing a new pair of shoes Adidas believes it can sell 40,000 pairs of these shoes a year, for 3 years for a price of $100 per pair. The cost per pair of shoes to the firm will be $70 per pair. The project requires a $1,500,000 investment today and will return nothing at the project's end. Adidas has a a discount rate of 16% on all projects. Should the project be undertaken, and if so what is its NPV

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