Scenario Probability Unit Sales Sales Price per Unit Variable Costs per Unit NPV Best Case 25% 1,188 $27,500.00 $22,125.00 $7,704,776.87 Base Case 50% 950 Worst Case 25% 713 $16,500.00 $22,000.00 $17,700.00 $13,275.00 $2,045,533 ($2,346,992) Expected NPV = $2,362,213 Standard Deviation = $3,567,918 Coefficient of Variation = Std Dev / Expected NPV = 1.51 d. If the project appears to be more or less risky than an average project, find its risk-adjusted NPV, IRR, and payback. CV range of firm's average-risk project: Low-risk WACC = WACC = 7.62% 10.02% High-risk WACC = 11.52% Risk-adjusted WACC = 12% Risk adjusted NPV = $778,128 IRR = Payback = 14.23% 3.21