Your firm is considering a $10-$year project that has a cost of capital of $14\%$ per year. The project would require an immediate increase in net working capital of $$950,000,$ but when the project ends the net working capital will return to its level before the project began.

What is the overall effect of the required increase in net working capital on the project's NPV$?$

a$.$It increases the NPV by $$662,761$

b$.$None $($there is no effect $--$ the NVP is neither increased nor decreased$)$

c$.$It decreases the NPV by $$256,257$

d$.$It increases the NPV by $$287,239$

e$.$It increases the NPV by $$693,743$

f$.$ It decreases the NPV by $$662,761$

g$.$It increases the NPV by $$256,257$

h$.$It decreases the NPV by $$693,743$

i$.$It decreases the NPV by $$287,239$