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Drexel University is considering starting an online program (7 - year project). In their preliminary NPV analysis, they forgot to account for working capital. Your

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Drexel University is considering starting an online program (7 - year project). In their preliminary NPV analysis, they forgot to account for working capital. Your Kiss asks you to determine how much the NPV would change if they account for the fact that Drexel University 's net working capital (associated with this new program) will be $1 mil throughout the project. This net working capital will be fully recovered at the end of the program. What is the NPV of this working capital requirement? Drexel's cost of capital is 12%. -$ 0.441 mil -$ 0.493 mil -$ 0.547 mil -$ 0.596 mil

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