Compute the NPV statistic for Project U if the appropriate cost of capital is 11 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: –$1,400 $510 $1,880 –$600 $460 –$180
NPV = $ _____________
Should the project be accepted or rejected?
Rejected
Accepted