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You are the financial analyst for a tennis racket manufacturer. The company is considering using...

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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 five 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 14 percent, and the company has a 35 percent tax rate Pessimistic Expected Optimistic Market size Market share Selling price Variable costs per unit Fixed costs per year Initial investment 113,000 128,000 153,000 19% 158 $ 112 22% 163 107 $ 24% 169 106 $ 973,000 $ 928,000 $ 898,000 $1,625,000 $1,540,000 $1,455,000 Calculate the NPV for each case for this project. Assume a negative taxable income generates a tax credit (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Pessimistic Expected Optimistic

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