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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

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 finalanswer to 2 decimal places.)

Project KTime:012345Cash flow-$11,000 $5,500 $6,500 $6,500 $5,500-$11,000

NPV$

Should the project be accepted or rejected?

Accepted or Rejected

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