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You are the financial analyst for a tennis racquet manufacturet. The company is considering using a graphite-like material in its tennis racquels. The company tias

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You are the financial analyst for a tennis racquet manufacturet. The company is considering using a graphite-like material in its tennis racquels. The company tias estimated the Information in the following table about the market for a racquet with the new materlal. The company expects to sell the racquet for six years. The equipment required for the project has no salvage value. The equipment wil be depreciated straight-fine to zero over the project's life. The required return for projects of this type is 13 percent, and the company has a 40 percent tax rate. Assume the company has other profitable ongoing operations that are sufficlent to cover any losses. Should you recommend the project? Calculate the NPV under each scenario. (Round the final answers to 2 decimal ploces. Negative omounts should be indicoted by a minus sign. Omit $ sign in your response.)

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