10-12. (NPV with different required rates of return) Moobys is considering building a

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new theme park. After future cash flows were estimated, but before the project could be evaluated, the economy picked up and with that surge in the economy inter- est rates rose. That rise in interest rates was reflected in the required rate of return Moobys used to evaluate new projects. As a result, the required rate of return for the new theme park jumped from 9.5 percent to 11.00 percent. If the initial outlay for the park is expected to be $250 million and the project is expected to return free cash flows of $50 million in years 1 through 5 and $75 million in years 6 and 7, what is the projects NPV using the new required rate of return? How much did the projects NPV change as a result of the rise in interest rates?