We are evaluating a project that costs $746,000, has an fourteen-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 126,000 units per year. Price per unit is $43, variable cost per unit is $25, and fixed costs are $757,936 per year. The tax rate is 38 percent, and we require a 20 percent return on this project. The projections given for price, quantity, variable costs, and fixed costs are all accurate to within +/- 13 percent.

Calculate the best-case NPV.

Calculate the worst-case NPV.