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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

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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 not round intermediate calculations and round your final answer to 2 decimal places.) Project M Time: 0 1 Cash flow: -$3,000 $690 2. $820 3 $860 $940 $440 NPY Should the project be accepted or rejected? O rejected O accepted

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