Compute the NPV for Project K if the appropriate cost of capital is $6$ percent.

$($Negative amount should be indicated by a minus sign. Do not round intermediate

calculations and round your final answer to $2$ decimal places.$)$ Should the project be

accepted or rejected?

Cost of capital

$6\%$

Time

Cash Flow

$0$

$$11,800$

$1$

$$5,900$

$2$

$$6,900$

$$6,900$

$$5,900$

$-$$$14,800$

Complete the following analysis. Do not hard code values in your calculations,

and do not round intermediate calculations.

NPV

Accept or reject decision