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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 and round your finalanswer to 2 decimal places.)

Project KTime:0 1 2 3 4 5

Cash flow: -$10,200 $5,100 $6,100 $6,100 $5,100 -$10,200

What is the NPV?

Should the project be accepted or rejected?

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