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Question 5: Proficient-level: Compute the NPV statistic for Project Y and tell [advise] whether the firm should accept or reject the project with the cash

Question 5: Proficient-level: Compute the NPV statistic for Project Y and tell [advise] whether the firm should accept or reject the project with the cash flows shown in the chart if the appropriate cost of capital is 12 percent. Project Y Time 0 1 2 3 4 Cash Flow -$8,000 $3,350 $4,180 $1,520 $300 (Cornett, Adair, & Nofsinger, 2016, p. 332).

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