Q10. The Western Company is analyzing a new project and has asked you to calculate the project's net income in A. the worst-case scenario; and in B. the expected scenario; and in C. the best-case scenario. The company's CFO has gathered the following information: 5 Lower bound Expected value Upper bound *Note: values supplied in the following table are bounds, not cases.* Sales quantity 192,000 245,000 330,000 Sales price/unit $22.25 $23.50 $24.50 Variable cost/unit $14.00 $15.38 $16.50 Fixed cost $650,000 $750,000 $989,000 Depreciation: Straight-line to zero for the four-year life of the project, with no salvage value. PVCCATS does not apply. Capital investment $150,000 Required return 12% Marginal tax rate 23%