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You are considering a new product launch. The project will cost$2,300,000, have a four-year life, and have no salvage value;depreciation is straight-line to zero. Sales are projected at 310units per year; price per unit will be $19,200, variable cost perunit will be $13,700, and fixed costs will be $700,000 per year.The required return on the project is 9 percent, and the relevanttax rate is 24 percent.  a.Based on your experience, you think the unit sales, variablecost, and fixed cost projections given here are probably accurateto within ±10 percent. What are the upper and lower bounds forthese projections? What is the base-case NPV? What are thebest-case and worst-case scenarios?Evaluate the sensitivity of your base-case NPV to changes infixed costs. (A negative answer should be indicated by aminus sign. Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)c.What is the cash break-even level of output for this project(ignoring taxes)? (Do not round intermediate calculationsand round your answer to 2 decimal places, e.g.,32.16.)d-1.What is the accounting break-even level of output for thisproject? (Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.)d-2.What is the degree of operating leverage at the accountingbreak-even point? (Do not round intermediate calculationsand round your answer to 3 decimal places, e.g.,32.161.)