Compute the NPV for Project M if the appropriate cost of capital is 8 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.) Project M Time: 0 1 2 3 Cash flow: -$2,900 $650 $780 $820 NPV Should the project be accepted or rejected? rejected accepted 4 $900 5 $400