Sensitivity Analysis Consider the project where the initial cost is $200,000, and the project has a 5-year life. There is no salvage. Depreciation is straight-line (Depreciation = 200,000/5 = 40,000) Unit Sales = 6000, Price per unit = $80 (Sales = 6,000 x 80) Variable cost per unit = $60 (Variable Costs = 6,000 x 60) The required return is 12%, and the tax rate is 21% What are the cash flow each year, NPV and IRR in each case, if we changed fixed costs only?