Project Analysis You are considering a new product launch. The project will cost

$$1\mathrm{.}675$ million, have a four$-$year life, and have no salvage value; depreciation is straightline to zero. Sales are projected at $195$ units per year; price per unit will be $$16,300$;

variable cost per unit will be $$9,400$; and fixed costs will be $$550,000$ per year. The

required return on the project is $12$ percent and the relevant tax rate is $21$ percent.

a$.$ Based on your experience, you think the unit sales, variable cost, and fixed cost

projections given here are probably accurate to within $\backslash$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 scenarios?

b$.$ Evaluate the sensitivity of your base$-$case NPV to changes in fixed costs.

c$.$ What is the accounting break$-$even level of output for this project?

$14.$ Project Analysis$$McGilla Golf has decided to sell a new line of golf cl