Question: Use the In - class exercise from Lecture 7 ( be sure to use the excel file from Unit 7 ) for this problem. Assume

Use the In-class exercise from Lecture 7(be sure to use the excel file from Unit 7) for this problem. Assume that the cost per unit can be decreased to $12 by using cheaper raw materials to produce the shelves. As news of the lower quality shelves spreads, we also expect that units sold will decrease by 7% per year. All other assumptions remain the same. What is the new NPV?
Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and rounded to the second decimal place. E.g., if your answer is $7,001.56, should type ONLY the number 7001.56, NEITHER 7,002, $7002, $7,002, NOR 7001. Otherwise, Blackboard will treat it as a wrong answer.

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