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You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphitelike material in its tennis rackets. The company has estimated the information in the following table about the market for a racket with the new material. The company expects to sell the racket for 4 years. The equipment required for the project will be depreciated on a straight-line basis and has no salvage value. The required return for projects of this type is 12 percent and the company has a 25 percent tax rate. Pessimistic Market size 120,000 Market share 20% Selling price $ 163 Variable costs per $ 113 unit Fixed costs per $ 985,000 year Initial investment $1,390,000 Expected 130,000 24% $ 168 $ 109 Optimistic 142,000 26% $ 172 $ 106 $ 930,000 $1,240,000 $ 900,000 $1,220,000 Calculate the NPV for each case for this project. Assume a negative taxable income generates a tax credit. (A negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Pessimistic Expected Optimistic