The most likely outcomes for a particular project are estimated as follows:

Unit price:$80Variable cost:$60Fixed cost:$460,000Expected sales:40,000units per year

However, you recognize that some of these estimates are subject to error. Suppose that each variable may turn out to be either 5% higher or 5% lower than the initial estimate. The project will last for 10 years and requires an initial investment of $1.2 million, which will be depreciated straight-line over the project life to a final value of zero. The firm's tax rate is 21% and the required rate of return is 14%.

(For all the requirements, a negative amount should be indicated by a minus sign. Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

a.What is project NPV in the best-case scenario, that is, assuming all variables take on the best possible value?

b.What is project NPV inthe worst-case scenario?