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

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Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places. Project Y Time: 0 1 2 3 4 B Cash flow: -$ 8,300 $ 3,690 $ 4,520 $ 1,860 $ 640 es NPV $ 640-00 Should the project be accepted or rejected? Accepted

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