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

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Compute the NPV statistic for Project U if the appropriate cost of capital is 11 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 U Time: 0 2 3 4 Cash flow: -$ 2,500 $750 $2,480 -$ 720 $ 700 5 -$ 300 ht NPV ences Should the project be accepted or rejected? Accepted

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