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 finalanswer to 2 decimal places.)

Project MTime: 0 1 2 3 4 5

Cash flow:-$3,000 $690 $820 $860 $940 $440

Should the project be accepted or rejected?

• rejected
• accepted