Project evaluation (20 marks) Consider a 4-year project which requires an initial cash outlay of $45 000, has an opportunity cost of capital of 10% p.a. and has had the following variable estimates

Variable	Estimates
Selling price (per unit)	$65
Variable cost (per unit)	$45
Fixed operating cost	$5,000
Sales volume	1000

You are required to conduct additional analyses as follows: (a) Calculate the NPV of this project (6 marks) (b) Conduct sensitivity analysis regarding the selling price if the estimate of selling price in pessimistic scenario is $55 and that in optimistic scenario is $75 (7 marks) (c) Calculate the NPV break-even point of sales volume (7 marks)