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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

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: -1500 450 580 620 700 200

NPV $ _____?

Should the project be accepted or rejected? Accepted Rejected

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