We are evaluating a project that costs $854,000 has a 15-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 154,000 units per year. Price per unit is $41, variable cost per unit is $20, and fixed costs are $865,102 per year. The tax rate is 33 percent, and we require a 14 percent return on this project. Suppose the projections given for price, quantity variable costs, and fixed costs are all accurate to within plus or minus 14 percent. What is the worst-case NPV?

1. $984,613

2. $1,267,008

3. $1,489,511

4. $1,782,409

5. $1,993,870