Compute the NPV for Project M if the appropriate cost of capital is $7$ percent.

Note: 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: $$$$1,100$ $$370$ $$500$ $$540$ $$620$ $$120$

Should the project be accepted or rejected?