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 six 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 13 percent, and the company has a 40 percent tax rate.

		Pessimistic				Expected				Optimistic
	Market size		108,000				123,000				148,000
	Market share		20	%			23	%			25	%
	Selling price	$	153			$	158			$	164
	Variable costs per unit	$	107			$	102			$	101
	Fixed costs per year	$	968,000			$	923,000			$	893,000
	Initial investment	$	1,920,000			$	1,818,000			$	1,716,000

Calculate the NPV for each case for this project. Assume a negative taxable income generates a tax credit.