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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 -$2,450 S730 $2,430 -710 $680 -S290 4 NPV Should the project be accepted or rejected? O Accepted Rejected

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