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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): 8.50%
New cost of capital (r): 9.25%
Year: 0123
Cash flows: -$1500 $430 $480 $620
-18.23
-41.88
-54.06
-64.82
-87.07

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