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Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign.

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Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Project Y Time: Cash flow 2 3 4 -$8,100 $3,370 $4,200 $1,540 $320 NPV Should the project be accepted or rejected? Accepted Rejected

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