You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphitelike material in its tennis rackets. The company has estimated the information in the following table about the market for a racket with the new material. The company expects to sell the racket for five years. The equipment required for the project has no salvage value and will be depreciated on a straight-line basis. The required return for projects of this type is 14 percent, and the company has a 35 percent tax rate. Expected 122,000 22% Market size Market share Selling price Variable costs per unit Fixed costs per year Initial investment Pessimistic 107,000 19% $ 152 $ 106 $ 967,000 $1,595,000 $ 157 $ 101 $ 922,000 $1,510,000 Optimistic 147,000 24% $ 163 $ 100 $ 892,000 $1,425,000 Calculate the NPV for each case for this project. Assume a negative taxable income generates a tax credit. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) A Pessimistic Expected Optimistic A A