Q3. (25 marks) Sales quantity Sales price per unit Variable cost per unit Fixed cost Lower Bound 9500 $9.75 $4.80 $15,000.00 Expected Value 10000 $10.00 $5.20 $18,000.00 Upper Bound 10500 $10.25 $5.60 $21,000.00 Initial requirement for equipment: $120,000 Depreciation: Straight-line to zero over the four-year life of the project with no salvage value. Required rate of return: 15% Marginal tax rate: 35% Calculate NPV according to best case scenario