Question: Check my work Compute the NPV for Project M if the appropriate cost of capital is 8 percent. (Negative amount should be indicated by a

 Check my work Compute the NPV for Project M if the

Check my work 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 and round your final answer to 2 decimal places.) Project M Time: Cash flow: 3 4 1 -$1,600 $470 2 $600 $640 $720 5 $220 NPV Should the project be accepted or rejected? O accepted O rejected

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