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: 0 1 2 3 4

Cash flow -$8,100 $3,370 $4,200 $1,540 $320

NPV $__________

Should the project be accepted or rejected?

Accepted

Rejected