You are considering a new product launch. The project will cost $800,000, have a 4year iffe, and have no salvage value; depreclation is straight-line to zero. Sales are projected at 190 units per year; price per unit will be $16,350, variable cost per unit will be $11,200, and fixed costs will be $545,000 per year. The required return on the project is 10 percent and the relevant tax rate is 22 percent. Based on your experience, you think the unit sales, variable cost, and fixed cost projections given here are probably accurate to within 10 percent. a. What are the best-case and worst-case NPVs with these projections? (A negative answer should be indicated by a minus sign. Do not round intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. What is the base-case NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the sensitivity of your base-case NPV to changes in fixed costs? (A negative answer should be indlcated by a minus sign. Do not round intermedilate calculations and round your answer to 2 decimal places, e.g., 32.16.) McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $965 per set and have a variable cost of $487 per set. The company has spent $340,000 for a marketing study that determined the company will sell 94,000 sets per year for seven years. The marketing study also determined that the company will lose sales of 9,300 sets per year of lis high-priced clubs. The high-priced clubs sell at $1,395 and have variable costs of $715. The company will also increase sales of its cheap clubs by 12,200 sets per year. The cheap clubs sell for $396 and have variable costs of $183 per set. The ixed costs each year will be $15,750,000. The company has aiso spent $2,900,000 on research and development for the new clubs. The plant and equipment required will cost require an increase in net working capital of $4,325,000 that will be returned at the end of the prolect. The tax rate is 24 percent, and the cost of capital is 13 percent of the project. The tax rate is 24 percent, and the cost of capital is 13 percent. Calculate the payback period, the NPV, and the IRR. (Do not round intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter your IRR answer as a percent.)