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 and round your final answer to 2 decimal places.) Project M Time: Cash flow: NPV 0 1 2 3 -$1,300 $410 $540 $580 Should the project be accepted or rejected? O accepted O rejected 4 $660 5 $160

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 and round your final answer to 2 decimal places.) NPV Should the project be accepted or rejected? accepted rejected