By how much did this change in the wacc affect the projects


Last month, Dow Chemical analyzed a project with an initial cash outflow of $1 million, and expected cash inflows of $415,000 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?

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Financial Management: By how much did this change in the wacc affect the projects
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