Calculate and make the decision to accept or reject the project.

NPV with Normal Cash Flows Compute the NPV statistic for Project Y and note whether the firm should accept or reject the project with the cash flows shown as follows 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

What is the NPV? _____________ Accept or Reject Project ______________