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 6 years. The equipment required for the project will be depreciated on a straight-line basis and has no salvage value. The required return for projects of this type is 13 percent and the company has a 22 percent tax rate. Pessimistic Expected Market size 122,000 132,000 Market share 19% 23% Selling price $ 154 $ 159 Variable costs per $ 101 $ 97 unit Fixed costs per year $ 973,000 $ 918,000 Initial investment $1,944,000 $1,794,000 Optimistic 144,000 25% $ 163 $ 94 $ 888,000 $1,774,000 Calculate the NPV for each case for this project. Assume a negative taxable income generates a tax credit. (A negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Pessimistic Expected Optimistic