We are evaluating a project that costs $753,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 110,000 units per year. Price per unit is $42, variable cost per unit is $20, and fixed costs are $758,271 per year. The tax rate is 36 percent, and we require a 20 percent return on this project. The projections given for price, quantity, variable costs, and fixed costs are all accurate to within +/- 14 percent.

(a) Calculate the best-case NPV.

(b) Calculate the worst-case NPV