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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

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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. Round your final answer to 2 decimal places.) Project M Time: Cash flow-$2,900 $650 $780 $820 $900 $400 2 3 4 5 NPV Should the project be accepted or rejected? Rejected Accepted

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