An auto - parts company is deciding whether to sponsor a racing team for a cost of $1 million. The sponsorship would last for three years and is expected to increase cash flows by $550,000 per year. If the discount rate is 7.4%, what will be the change in the value of the company if it chooses to go ahead with the sponsorship? A. $432,890 B. $649,335 C. $692,624 D. $735,913