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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 8 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 8 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 -$3,100 $710 2 $ 840 3 $ 880 4 $ 960 5 $ 460 NPV :X This is a numeric cell, so please enter numbers only. Should the project be accepted or rejected? rejected O accepted

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