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Problem 13-1 NPV with Normal Cash Flows (LG13-3) Compute the NPV for Project M if the appropriate cost of capital is 7 percent. (Negative amount

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Problem 13-1 NPV with Normal Cash Flows (LG13-3) Compute the NPV for Project M if the appropriate cost of capital is 7 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 M Time: Cash flow: 0 1 -$3,400 $730 2 $860 3 $900 4 $980 5 $480 NPV Should the project be accepted or rejected? rejected accepted

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