Question: (NOTE: ENTER YOUR ANSWER IN PERCENT, BUT WITHOUT THE % SIGN, rounded to 2 decimal places, for instance as 7.89, not as 7.89%, or not

(NOTE: ENTER YOUR ANSWER IN PERCENT, BUT WITHOUT THE % SIGN, rounded to 2 decimal places, for instance as 7.89, not as 7.89%, or not as 0.0789. Do not round intermediate calculations!) Assume SIMPLE PROJECT, INC. is considering a project requiring $47,000 initial investment. The project would result in annual revenues of $70,000 and annual expenses of $16,000. Assume the project lasts 8 years and the relevant cost of capital is 10%. Calculate the percentage increase in the net present worth of the project if the annual revenues are increased by 1%
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