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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.

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: 0 1 2 3 4 5
Cash flow: $2,350 $690 $2,330 $690 $640 $270

Should the project be accepted or rejected?

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