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. Round your final answer to 2 decimal places.)
Project M
Time: 0 1 2 3 4 5
Cash flow –$2,200 $590 $720 $760 $840 $340
NPV $
Should the project be accepted or rejected?
Accepted
Rejected