Suppose that a project requires a $22 million investment in equipment at date zero. Initially, the company planned to depreciate the plant and equipment straight-line to $2 million. How will the project NPV and IRR change if the company instead depreciates the equipment straight- line to $4 million? The re-sale value does not change. NPV decreases, IRR increases NPV increases, IRR decreases NPV decreases, IRR decreases NPV increases, IRR increases NPV does not change, IRR does not change