The Great Pine Forest Corporation is analyzing an expansion project with the following information: Initial Investment $120,000$

Depreciation life $5$

Project life $5$

Additional working capital at t $=020,000$

Working capital returned at t $20,000$

Expected salvage value at t $15,000$

Tax Rate $34\%$

Cost of captial $12\%$

a$)$ Calculate the NPV of the project

b$)$ Now conduct a scenario analysis as follows.

$-$ Assume the best case to hhvae revenue $10\%$ higher than just stated, costs $5\%$ lower than given, and salvage value twice the amunt given

$-$ Assume the worst case scenario to have revenues $10\%$ lower that given, costs $5\%$ higher than given, and salvage value to be $0.$

Show the results for the best case, the most likely case, and the worst case.