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Compute the NPV statistic for Project U if the appropriate cost of capital is 10 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 10 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: 0 -$1,600 1 $590 2 3 $2,080 $640 4 $540 5 -$220 NPV Should the project be accepted or rejected? rejected accepted

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