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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.) 2 4 Cash flow -$9,000 $3,550 $4,380 $1,720 $500 NPV $659.88 Should the project be accepted or rejected? Accepted ORejected

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