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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 $3,200 $670 $800 $840 $920 $420

NPV $

Should the project be accepted or rejected?
Rejected
Accepted

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