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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 $2,300 $610 $740 $780 $860 $360

NPV $

Should the project be accepted or rejected?
Accepted
Rejected

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