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Lasik Vision's WACC: Differences in Forecasting

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The Federal Reserve recently shifted its monetary policy, causing Lasik Vision's WACC to change. Lasik had recently analyzed the project whose cash flows are shown below. However, the CFO wants to reconsider this and all other proposed projects in view of the Federal action. How much did the changed WACC cause the forecasted NPV to change?

Assume that the Federal action will not affect the cash flows, and note that a project's projected NPV can be negative, in which case it should be rejected.

Old WACC - 10% New WACC - 8%
Year: 0 1 2 3
Cash flows: -$1,000 $500 $520 $540

$47.44
$59.45
$68.57
$74.16
$84.16

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The Federal Reserve recently shifted its monetary policy, causing Lasik Vision's WACC to change. Lasik had recently analyzed the project in which cash flows are shown below. ...

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