Question: Standard Systems analyzed a project that costs $ 1 , 0 0 0 million and has expected annual cash flows of $ 4 1 0

Standard Systems analyzed a project that costs $1,000 million and has expected annual cash flows of $410 million over the next three years. Initially, the firm used a 10% cost of capital to compute the project's NPV but later increased to 11.25% due to market conditions. By how much did the change in its estimated cost of capital affect the project's forecasted NPV?
-$18.89
-$23.13
-$20.93
-$22.03
-$19.88

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