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An auto parts company is deciding whether to sponsor a racing toam for a cost of $1 million. The sponsorship would list for three years

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An auto parts company is deciding whether to sponsor a racing toam for a cost of $1 million. The sponsorship would list for three years and is expected to increase cash flows by $600,000 per year of the discount rate is 6.3%, what will be the change in the value of the company if it chooses to go ahead with the sponsorship? O A $1,011,400 OB. $892 420 OC. 504,947 OD 1951,915

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