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 and 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
Should the project be accepted or rejected?