Using the Exhibit in Question 1, conduct sensitivity analysis assuming total operating expenses are 5% higher than expectedin 2021.What is the NPV?

Question 01. Review Exhibit 1 below. Also see Excel Template for the Exhibit provided under Modules. Assume an initial outlay of $3,000 in 2020 (i.e. 2020 is Year 0).Also assume that the terminal cash flow is zero and no working capital in 2020.Calculate the NPV for the project assuming a WACC of 5 percent and a tax rate of 21%.