Nebraska Inc is considering a project that has an upfront cost at t $=0$ of $$1,500,000.$ The project$$s subsequent cashflows critically depend on whether its products become the industry standard. There is a $75\%$ chance that the products will become industry standard, in which case the project$$s expected cashflows will be $$500,000$ at the end of each of the next $7$ years $($t $=1$ to $7).$ There is a $25\%$ chance that the products will not become the industry standard, in which case the expected cashflows from the project will be $$50,000$ at the end of each year for the next $7$ years $($t $=1$ to $7).$ NI will know for sure one year from today whether its products will have become the industry standard.

It is considering whether to make the investment today or wait a year until after it finds out if the products have become the industry standard. If it waits a year, the project$$s up$-$front cost at t $=1$ will remain at $$1,500,000.$ If it chooses to wait, the subsequent cashflows will remain at $$500,000$ per year if the product becomes the industry standard, and $$50,000$ per year if the product does not become the industry standard. However, if it decides to wait, the subsequent cashflows will be received only six years $($t $=2$ to $7).$ Assume that all cashflows are discounted given interest rate of $10\%.$ If NI chooses to wait a year before proceeding, how much will this increase or decrease the project$$s expected NPV in today$$s dollar $($t $=0),$ relative to the project$$s NPV if it proceeds today?