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Compute the NPV statistic for Project U if the appropriate cost of capital is 9 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 9 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: 1 $670 -$2,300 2 $2,280 3 - $680 4 $620 5 -$260 NPV Should the project be accepted or rejected? O rejected O accepted

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