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Compute the NPV for Project M if the appropriate cost of capital is 7 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 7 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: 1 -$2,000 $550 2 $680 3 $720 $800 5 $300 NPV Should the project be accepted or rejected? accepted O rejected

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