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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 y Time: Cash flow: 0 1 2 3 -$9,200 $3,590 $4,420 $1,760 $540 NPV Should the project be accepted or rejected? O accepted O rejected

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