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Last month, Dow Chemical analyzed a project with an initial cash outflow of $1 million, and expected cash inflows of $500,000 per year in years

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Last month, Dow Chemical analyzed a project with an initial cash outflow of $1 million, and expected cash inflows of $500,000 per year in years 1,2 , and 3 . However, before the decision to accept or reject the project, the Federal Reserve took monetary action that lowered interest rates and changed the firm's WACC from 10% to 9.5%. By how much did this change in the WACC affect the project's forecasted NPV? Your answer should be a positive number between 8132 and 12047, rounded to even dollars (although decimal places are okay), with no spectial characters

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