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The following information relates to a steam-driven bicycle project. The fixed cost would not be...

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Finance

The following information relates to a steam-driven bicycle project. The fixed cost would not be incurred if the project does not go ahead.

The NPV of the project (use a 12% discount rate) to the nearest whole 1 million is Blank 1

DO NOT INCLUDE THE SIGN AND DO NOT INCLUDE COMMAS. For example, (125,000,000 should be included as 125).

Hint: the present value annuity factor at 12% for 10 years is 5.65.

Year 0 Investment -200 million

Years 1-10

Market size 1 million

Market share 0.4

Unit price 900

Unit variable cost 600

Fixed cost 30 million

Depreciation 5 million

Tax Rate 40%

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