QUESTION 12 A project requires an initial investment of $10,000, straight-line depreciable to zero over 4 years. The discount rate is 10%. Your tax bracket is 34% and you receive a tax credit for negative earnings in the year in which the loss occurs. Additional information for variables with forecast error are shown below. Base Lower Case Upper Bound 3,250 $16 Bound 2,750 $13 Unit Sales Price/unit Variable cost/unit Fixed costs 3,000 $14 $9 $9,000 $8 $10 $8,500 $10,000 What is the base case NPV for the project? 1523 4974 5247 6529 8281