1 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: 1 Cash flow: -$1,100 $370 2 $500 3 5 $5405620 $120 20 points NPY BOOK Hire Print References Should the project be accepted or rejected? accepted rejected