Compute the NPV for Project K if the appropriate cost of capital is 6 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your finalanswer to 2 decimal places.)

Project K

Time: 0 1 2 3 4 5

Cash flow: -$11,200 $5,600 $6,600 $6,600 $5,600 -$11,200

Should the project be accepted or rejected?

• accepted
• rejected