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 $ million and has expected annual cash flows of $ million over the next three years. Initially, the firm used a cost of capital to compute the project's NPV but later increased to due to market conditions. By how much did the change in its estimated cost of capital affect the project's forecasted NPV
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