You are the financial analyst for a tennis racquet manufacturer. The company is considering using a graphite-like material in its tennis racquets. The company has estimated the information in the following table about the market for a racquet with the new material. The company expects to sell the racquet for six years. The equipment required for the project has no salvage value. The equipment will be depreciated straight-line to zero over the project's life. The required return for projects of this type is 12 percent, and the company has a 40 percent tax rate. Assume the company has other profitable ongoing operations that are sufficient to cover any losses. Should you recommend the project? Market size Market share Selling price Variable costs per unit Fixed costs per year Initial investment $ $ $ % Pessimistic Expected 139,000 159,900 21 % 25 % 149 $ 154 196.50 102,50 $ 1,105,800 1,175,000 $ 2,650,888 % 2,550,000 Optimistic 183,800 28 % 159 98.50 1,080,000 2,450,898 Calculate the NPV under each scenario. (Round the final answers to 2 decimal places. Negative amounts should be indicated by a minus sign. Omit $ sign in your response.) WPV pessimistics WPVExpected Voptimistic %