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 and round your final answer to 2 decimal places.)

Project M

Time: 0 1 2 3 4 5

Cash flow $1,800 $510 $640 $680 $760 $260

NPV $

Should the project be accepted or rejected? Accepted Rejected