Your company is considering a project that has an up-front cost at Year 0 of $500,000 and a cost of capital of 7 percent. The project's subsequent cash flows are uncertain. There is a 70 percent chance that the project will be successful and generate a cash flow of $250,000 at the end of each of the next ten years (Years 1-10), while there is a 30 percent chance that the project will not be successful and will only generate cash flows of $30,000 over each of the next five years (Years 1-5). As you can calculate, the net present value of taking on the project today (Year 0) is $766,028.55. If your company delays taking on the project for one year (takes it on at Year 1), it can determine whether the cash flows will be $250,000 for the next ten years (Years 2-11), or $30,000 for the next five years (Years 2-6) by doing additional market research. Unfortunately, the market research, penalties for contract delays, and inflation, will raise the price of taking on this project to $550,000 at Year 1. Based on this information, and assuming that the relevant risk-adjusted discount rate: remains at 7 percent, determine how much delaying the project will increase or decrease the project's expected NPV in today's dollars (Year 0), relative to the project's NPV if it proceeds today. O $20.601.59 O $22,874.98. O $17,757.00 O $19.049.92 D$18.128.44