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Compute the NPV for Project M if the appropriate cost of capital is 8 percent. Note: Negative amount should be indicated by a minus sign.

Compute the NPV for Project M if the appropriate cost of capital is 8 percent.

Note: 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: $1,600 $470 $600 $640 $720 $220

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