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A project has the following cash flows: C 0 = - $ 1 4 0 , 0 0 0 ; C 1 = $ 7

A project has the following cash flows: C0=-$140,000;C1=$70,000;C2=$170,000;C3=$120,000. If the discount rate changes from 12 percent to 15 percent, what is the
CHANGE in the NPV of the project (approximately)?
Multiple Choice
$16,611 decrease
$15,121 decrease
$15,121 increase
$16,611 increase
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