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: Cash flow: 1 5 -$1,600 $470 2. $600 3 $640 4 $720 $220 NPV Should the project be accepted or rejected? O accepted rejected