Q3: North-edge is thinking about introducing a new machine. The firm estimates that the company can sell 20 units per year at $235,000 net cash flow per unit for the next 5 years. The firm also estimates that developing the machine will take a $17.6 million initial investments. The discount rate is 11%. a) What is the base-case NPV? b) If after the first year, the project is unsuccessful, it can be dismantled and will have an after-tax salvage value of $10.4 million. Also, after the first year, expected cash flows will be revised up to 30 units per year or down to 0 units with equal probability. What is the revised NPV