Consider the following information given below:

($ in millions except as noted)

Year 0: investment 100 production 0 spread per pound 1.38 production costs 0 transport 0 other costs 0

Year 1: production (millions of pounds per year) 0, spread ($ per pound) 1.38, production costs 0, transport 0, other 38

Year 2: production: 58, spread 1.38, production costs 48, transport 22, other 38

Year 3: production 116, spread 1.38, productions costs 48, transport 8, other 38

Year 4: production: 116, spread 1.28, production costs 48, transport 8, other 38

Year 5-10: production 116, spread 1.13, production costs 48, transport 8, other 38

Required rate of return17%

Production and transport costs are variable costs while other costs are fixed.

a-1.Calculate the NPV of the proposed polyzone project, if the spread in year 4 holds at $1.38 per pound.(Do not round intermediate calculations. A negative answer should be indicated by a minus sign. Round your answer to 1 decimal place.)

Net present value$

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b-1.Calculate the NPV of the proposed polyzone project, if the U.S. chemical company can start up polyzone production at 58 million pounds in year 1 rather than year 2.(Do not round intermediate calculations. Round your answer to 1 decimal place.)

Net present value$

c-1.Calculate the NPV of the proposed polyzone project, if the U.S. company makes a technological advance that reduces its annual production costs to $43 million. Competitors' production costs do not change.(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Net present value$