The Tuff Wheels was getting ready to start Its development project for a new product to be added to thelr small motorized vehlcle line for children. The new product is called the Kiddy Dozer. It will look llke a minlature bulldozer, complete with caterplartracks and a blade. Tuff Wheels has forecasted the demand and the cost to develop and produce the new Kiddy Dozer. The table below contains the relevant Information for this project. $1,558,808 Estimated development tine Pilot testing Ranp-up cost Marketing and support cost Sales and production volume Unit production cost Unit price Interest rate 9 months $ 280,898 $ 480,898 s 158,88 per year 68,8e8 per year 180 235 Tuff Wheels also has provided the project plan shown below. As can be seen In the project plan, the company thinks that the product Ife will be three years until a new product must be created. YLAR YEAM 2 YEAR 3 YEAR Nlot Testing Rampap Marleting and Suppen Assume all cash flows occur at the end of each perlod. a. what is the net present value (discounted at 8%) of this project? Consider all costs and expected revenue6. (Enter your answer in thousands of dollars. Perform all calculations using Excel. Do not round any Intermedlate calculations. Round your answer to the nearest thousand.) b. What Is the Impact on NPV for the Kiddy Dozer if the actual sales are 50,000 per year? 70,000 per year? (Enter your answer In thousands of dollars. Perform all calculations using Excel. Do not round any Intermediate calculations. Round your answer to the nearest thousand.) NPV 50,000 NPV 70,000 C. Based on the original sales level of 60,000, what is the effect on NPV caused by changing the discount rate to 9%, 10%, or 11%2 (Enter your answer in thousands of dollars. Perform all calculations using Excel. Do not round any intermediate calculations. Round your answer to the nearest thousand.) NPV g% NPV 10% NPV 11%