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Compute the NPV statistic for Project Y if the appropriate cost of capital is 12 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 12 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 v Time: Cash flow : 1 2 3 -38,100 $3,650 $4,480 $1,820 4 $600 NPV Should the project be accepted or rejected? rejected accepted

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