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Compute the NPV for Project K if the appropriate cost of capital is 7 percent. (Negative amount should be indicated by a minus sign. Do

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Compute the NPV for Project K if the appropriate cost of capital is 7 percent. (Negative amount should be indicated by a minus sign. Do not round intermediat calculations and round your final answer to 2 decimal places.) Project K Time: Cash flow: 1 $11,600 $5,800 2 $6,800 3 $6,800 4 5 $5,800 -$14,600 NPV Should the project be accepted or rejected? O rejected O accepted

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