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: Cash flow: -3,500 $750 $880 $920 $1,000 $500 NPV Should the project be accepted or rejected? rejected accepted Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) oject C Time: Cash flow: -$2,300 $1,000 $870 $910 $560 $360 Discounted payback period years Should the project be accepted or rejected? accepted O rejected