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A project has the following cash flows: C 0 = 1 0 0 , 0 0 0 ; C 1 = 5 0 , 0

A project has the following cash flows: C0=100,000; C1=50,000; C2=150,000; C3=100,000. If the discount rate changes from 12 percent to 15 percent, what is the CHANGE in the NPV of the project (approximately)?
a.12,750 in crease
b.12,750 de crease
c.14,240 in crease
d.14,240 de crease

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