Given that there $is$ a high demand for hand sanitizer, All Natural $is$ considering

venturing into this business. The initial investment $to$ purchase the equipment and

machine $is$ estimated $tobe$ $$1,200,000.$ All Natural plans $to$ sell this business $at$ the

end $of7$ years for $$1,000,000.$ After considering the projected cashflows, the $NPV$

for this business $is-$$$20,000$ using a MARR $of20\%.(a)By$ how much must the initial

investment $to$ purchase the equipment and machine need $tobe$ reduced $in$ order for

this business $tobe$ a worthwhile business?

$(b)$ What minimum selling price, $7$ years from now, would make $it$ worthwhile for

them $to$ venture into this business? Express your answer $in2$ decimal places.

$(c)To$ encourage business investment, the local government $is$ giving All Natural $an$

annual tax credit payable $at$ the end $of$ every year. What annual tax credit does All

Natural require $to$ make $it$ worthwhile $to$ venture into this business? Express your

answer $in2$ decimal places.