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Compute the NPV statistic for Project U if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign.

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Compute the NPV statistic for Project U if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.) Project U Time: Cash flow: 0 -$1,100 1 $390 2 $1,580 3 -$540 4 $340 5 -$ 120 NPV Should the project be accepted or rejected? rejected accepted

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