Compute the NPV for Project M if the appropriate cost of capital is $8$ 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 M

Time: $012345$

Cash flow: $$$$2,200$ $$590$ $$720$ $$760$ $$840$ $$340$

Should the project be accepted or rejected?

multiple choice

accepted

rejected