please solve this problem

36 % 1 + : 9K/s etisalat assignment1.pdf Ky You are the financial analyst for fimiture manufacturer. The company is considering using a certain new raw material in its furniture. The company has estimated the information in the following table about the market for a chair with the new material. The company expects to sell the chair for six years. The equipment required for the project has no salvage value. The required retum for projects of this type is 13 percent, and the company has a 40 percent tax rate. Pessimistic Expected Optimistic Market size 130,000 150,000 165,000 Market share 21% 25% 28% $ 140 $ 145 $ 150 $ 98 $ 94 Selling price Variable costs per unit Fixed costs per year Initial investment $ 102 $1,015.000 $ 950.000 $ 900.000 $2.000.000 $2,200,000 $2,100,000 Required: Should you recommend the project? O