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Compute the NPV for Project K if the appropriate cost of capital is 5 percent. (Negative amount should be indicated by a minus sign. Do

Compute the NPV for Project K if the appropriate cost of capital is 5 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Project K
Time: 0 1 2 3 4 5
Cash flow $11,700 $5,850 $6,850 $6,850 $5,850 $14,700

NPV $

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