2.  

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 Cash flow: -$2,500 $750 $2,480 -$720 $700 NPV Should the project be accepted or rejected? 5 -$300