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You are considering a new product launch. The project will cost$2,275,000, have a four-year life, and have no salvage value;depreciation is straight-line to zero. Sales are projected at 300units per year; price per unit will be $19,400, variable cost perunit will be $13,550, and fixed costs will be $690,000 per year.The required return on the project is 10 percent, and the relevanttax rate is 23 percent.ScenariosUnit SalesVariable CostFixed CostNPVBase3001550690,000BestWorsta. Based on your experience, you think the unit sales, variablecost, and fixed cost projections given here are probably accurateto within ±10 percent. What are the upper and lower bounds forthese projections? What is the base-case NPV? What are thebest-case and worst-case scenarios?b. Evaluate the sensitivity of your base-case NPV to changes infixed costs. (A negative answer should be indicated by a minussign. Do not round intermediate calculations and round your answerto 2 decimal places, e.g., 32.16.)c. What is thecash break-even level of output for this project (ignoring taxes)?(Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)d-1. What is the accounting break-evenlevel of output for this project? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)d-2. What is the degree of operatingleverage at the accounting break-even point?b. ^NPV/^FCc. Cash Break-evend-1 Accounting Break-Evend-2 Degree of OP Leverage