Family Security is considering introducing tiny GPS trackers that can be inserted in the sole of achild's shoe, which would then allow for the tracking of that child if he or she was ever lost or abducted. Theestimates, that might be off by

9 percent(either above orbelow), associated with this new product are shown here:

Unit price: $122

Variable costs: $78

Fixed costs: $247,000 per year

Expected sales: 10,600 per year

Since this is a new productline, you are not confident in your estimates and would like to know how well you will fare if your estimates on the items listed above are 9 percent higher or 9 percent lower than expected. Assume that this new product line will require an initial outlay of 1.01 million, with no working capitalinvestment, and will last for 10 years, being depreciated down to zero usingstraight-line depreciation. Inaddition, thefirm's required rate of return or cost of capital is 9.9 percent, and thefirm's marginal tax rate is 34 percent. Calculate theproject's NPV under the"best-case scenario"

(that is, use the high estimatesunit price 9 percent aboveexpected, variable costs 9 percent less thanexpected, fixed costs 9 percent less thanexpected, and expected sales 9 percent more thanexpected). Calculate theproject's NPV under the"worst-case scenario."

The NPV for thebest-case scenario will be $_____