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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 and round your final answer to 2 decimal places.) Project Y Time: Cash flow: 0 1 2 3 -$8,200 $3,670 $4,500 $1,840 $1,84 4 $620 NPV Should the project be accepted or rejected? rejected accepted

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