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We are evaluating a project that costs $1,862,400, has a 12-year life, and has no...

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We are evaluating a project that costs $1,862,400, has a 12-year life, and has no salvage value. Assume depreciation is straight-line to zero over the life of the project. Sales are projected at 87,500 units per year, the price per unit is $75, variable cost per unit is $60, and fixed costs are $850,000 per year. The tax rate is 35 percent, and we require a return of 13.5 percent on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within +3 percent. What is the worst-case NPV? (Do not round intermediate calculations. Round the final answer up to two decimal places, without the dollar symbol ($))

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