Compute the NPV for Project M if the appropriate cost of capital is $8$ percent. $($Negative amount should be indicated by a minus Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

$\backslash$table$[[$Project M$,,,,,,],[$Time:$,0,1,2,3,4,5],[$Cash flow:,$-$$$2,200,$$$590,$$$720,$$$760,$$$840,$$$340$