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3. A new product requires an initial investment of $5 million and will be depreciated to an expected salvage of zero over 5 years. The price of the new product is expected to be $30,000, and the variable cost per unit is $18,500. The fixed cost is $1 million. Tax rate is 40%. Required rate of return = 12%. 3.1 Calculate NI, NPV, OCF at the sales levels of 200, 250, and 300. 200 250 300 Units of Sales Sales VC FC Depreciation EBIT Taxes NI OCF NPV 3.2 Calculate Accounting and Financial break-even point