Use the table for the question(s) below. 
-Visby Rides,a livery car company,is considering buying some new luxury cars.After extensive research,they come up with the above estimates of free cash flow from this project.Visby learns that a competitor is thinking of offering similar services,thus reducing Visby's sales.By how much could sales fall before the net present value (NPV) was zero,given that the cost of capital is 10%,and that cost of goods sold is 45% of revenues?
A) by 12%
B) by 18%
C) by 24%
D) by 26%
Correct Answer:
Verified
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