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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 intermediate calculations and round your final answer to 2 decimal places.) Project K Time: Cash flow: 4 0 1 -$10,100 $5,050 2 $6,050 3 $6,050 5 $5,050 -$10,100 X Answer is complete but not entirely correct. NPV $ 3.97 X Should the project be accepted or rejected? accepted rejected

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