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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: 1 2 3 4 5 Cash flow: -$1,200 $390 $520 $560 $640 $140 NPV Should the project be accepted or rejected? accepted rejected

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