URGENTTT

Emperor's Clothes Fashions can invest $6 million in a new plant for producing invisible makeup. The plant has an expected life of 5 years, and expected sales are 7 million jars of makeup a year. Fixed costs are $24 million a year, and variable costs are $1.50 per jar The product will be priced at $2.30 per jar. The plant will be depreciated straight-line over 5 years to a sallvage value of zero. The opportunity cost of capital is 10%, and the tax rate is 40 %. a. What is project NPV under these base-case assumptions? (Do not round Intermedlate calculations. Enter your answer in milllions rounded to 2 decimal places.) b. What is NPV if variable costs turn out to be $1.60 per jar? (Do not round Intermedlate calculations. Enter your answer in milions rounded to 2 decimal places.) c. What is NPV if fixed costs turn out to be $22 million per year? (Do not round Intermediate calculations. Enter your answer in millons rounded to 2 decimal places.) d. At what price per jar would project NPV equal zero? (Enter your answer in dollars not in millions. Do not round Intermedlate calculations. Round your answer to 2 decimal places.) million NPV a. million b. NPV million NPV c. per jar d. Price