After estimating a projects NPV, the analyst is advised that the fixed capital outlay will be
revised upward by $100,000. The fixed capital outlay is depreciated straight-line over an
eight-year life. The tax rate is 40% and the required rate of return is 10%. No changes in
cash operating revenues, cash operating expenses, or salvage value are expected. What is the
effect on the project NPV? Please give me step by step on how to do this. Thanks!