Compute the NPV for Project M if the appropriate cost of capital is 9 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Project M Time: 0 1 2 3 4 5

Cash flow $2,100 $570 $700 $740 $820 $320

NPV $ _____?

Should the project be accepted or rejected? Accepted Rejected