Problem 11-19 Project Analysis [LO1, 2, 3, 4] You are considering a new product launch. The project will cost $2,250,000, have a fouryear life, and have no salvage value; depreclation is straight-line to zero. Sales are projected at 290 units per year; price per unit will be $19,600, varlable cost per unit will be $13,400, and fixed costs will be $680,000 per year. The required return on the project is 11 percent, and the relevant tax rate is 22 percent. a. Based on your experlence, you think the unlt sales, varlable cost, and fixed cost projections given here are probably accurate to within \pm 10 percent. What are the upper and lower bounds for these projections? What is the base-case NPV? What are the best-case and worst-case scenarlos? (A negatlve answer should be Indlcated by a minus sign. Do not round Intermedlate calculatlons. Round your NPV answers to 2 decimal places, e.g., 32.16. Round your other answers to the nearest whole number, e.g. 32.) b. Evaluate the sensitlvity of your base-case NPV to changes in fixed costs. (A negative answer should be Indlcated by a minus sign. Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the cash break-even level of output for this project (Ignoring taxes)? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) d-1. What is the accounting break-even level of output for this project? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) d-2. What is the degree of operating leverage at the accounting break-even point? (Do not round Intermedlate calculations and round your answer to 3 decimal places, e.g., 32.161.)