Compute the NPV statistic for Project K if the appropriate cost of capital is $5$ percent.

Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to $2$ decimal places.

Project K

Time: $012345$

Cash flow: $$$$11,700$ $$5,850$ $$6,850$ $$6,850$ $$5,850$$$14,700$

Should the project be accepted or rejected?