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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.

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. Round your final answer to 2 decimal places.) Project U Time: 0 1 2 3 4 5 Cash flow $2,450 $730 $2,430 $710 $680 $290 NPV $ Should the project be accepted or rejected? Rejected Accepted

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