Problem 13-3 NPV with Non-normal Cash Flows (LG13-3)

Compute the NPV statistic for Project U if the appropriate cost of capital is 9 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 U
Time:	0	1	2	3	4	5
Cash flow	$1,500	$550	$1,980	$620	$500	$200

NPV

$

Should the project be accepted or rejected?

	Rejected
	Accepted