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 -$1,500 $450 $580 $620 $700 $200

NPV $____________

Should the project be accepted or rejected?

Accepted

Rejected