Compute the NPV statistic for Project K if the appropriate cost of capital is $7$ 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: $$$$11,600$ $$5,800$ $$6,800$$$6,800$ $$5,800$$$14,600$

Should the project be accepted or rejected?