Emperor's Clothes Fashions can invest $5 million in a new plant for producing invisible makeup. The plant has an expected life of 5 years, and expected sales are 6 million Jars of makeup a year. Fixed costs are $2 million a year, and varlable costs are $1 per jar. The product will be priced at $2 per jar. The plant will be depreclated straight-line over 5 years to a salvage value of zero. The opportunity cost of capital is 12%, and the tax rate 1540%. a. What is project NPV under these base-case assumptions? (Round your answer to 1 decimal place. Enter your answer in millions of dollars.) b. What is NPV If variable costs turn out to be $1.20 per jar? IRound your answer to 1 decimal place. Enter your answer in millions of dollars.) million c. What is NPV if fixed costs turn out to be $1.5 million per year? (Round]your answer to 1 decimal place. Enter your answer in millions of dollars.)

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