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Crescent Energy Company recently analyzed a new project whose cash flows are shown below in $ millions ) . However, before the company decided to
Crescent Energy Company recently analyzed a new project whose cash flows are shown below in $ millions However, before the company decided to accept or reject the project, the Federal Reserve changed interest rates and therefore the firm's cost of capital r is changed as well. The Fed's action did not affect the forecasted cash flows, however. Which of the following is closest to the amount of the change in $ millions in this new project's forecasted NPV resulted from the changes in cost of capital r
Old cost of capital r:
New cost of capital r:
Year:
Cash flows: $ $ $ $
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