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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

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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. Round your final answer to 2 decimal places.) Project K Time: Cash flow -$11,800 $5,900 $6,900 $6,900 $5,900 -$14,800 2 3 4 NPV Should the project be accepted or rejected? Rejected Accepted

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