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. Round your final answer to 2 decimal places.)

Project M
Time:	0	1	2	3	4	5
Cash flow	$2,000	$550	$680	$720	$800	$300

NPV

$

Should the project be accepted or rejected?

	Accepted
	Rejected