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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

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. Round your final answer to 2 decimal places.) Project M Time: 0 1 2 3 4 5 Cash flow $3,400 $730 $860 $900 $980 $480 NPV $ Should the project be accepted or rejected? Rejected Accepted

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