we are evaluating a project that costs $848,000, 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 62,000 units per year. price per unit is $40, variable cost per unit is $24, and fixed costs are $636,000 per year. the tax rate is 24 percent, and we require a return of 20 percent on this project.