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 $5$ 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 $14$ percent and the company has a

$23$ percent tax rate.

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$.,$

$32\mathrm{.}16.)$