You have been analyzing a project It would require an investment of $$10$ milion and produce positive cashflows for $10$ years Based upon the characteristics of this project, you used a cost of capital of r$=12\%.$ Applying the NPV Cntena, you decided to accept the project When presenting the results to your manager, she informs you that you should have used $8\%$ as the cost of capital. Does this affect your investment decision?

Yes decreasing the cost of capital increases the NPV

No$,$ decreasing the cost of capital increases the NPV

Yes decreasing the cost of capital decreases the NPV

No decreasing the cost of capital decreases the NPV