You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphite-like material in its tennis rackets. The company has estimated the information in the table below 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 21 percent tax rate. Market size Market share Pessimistic 116,000 Expected 131,000 Optimistic 156,000 19% 21% S 24% Selling price A 149 A 154 $ 160 Variable costs per $ 103 $ 98 $ 97 unit Fixed costs per year $ 964,000 Initial investment $1,585,000 $ 919,000 $1,500,000 $ 889,000 $1,415,000 Calculate the NPV for each scenario. (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.) o search < Prev 10 of 10 Next B