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 4 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 12 percent and the company has a 24 percent tax rate. Pessimistic Expected Optimistic Market size 114,000 || 124,000 136,000 Market share 20% 24% 26% Selling price $ 162 $ 167 $ 171 Variable costs per unit $ 107 $ | 103 $ 100 Fixed costs per year $ 979,000 $924,000 $ 894,000 Initial investment $1,366,000 $1,216,000 $1,196,000 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