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 intermediate calculations and round your final answer to 2 decimal places.)

Project K
Time:	0	1	2	3	4	5
Cash flow:	$11,300	$5,650	$6,650	$6,650	$5,650	$11,300

Should the project be accepted or rejected?

multiple choice

• accepted

• rejected