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: 0 1 2 3 4 5 Cash flow: $1,300 $410 $540 $580 $660 $160 Should the project be accepted or rejected? multiple choice accepted rejected

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: 0 1 -$1,300 $410 2 $540 3 $580 4 $660 5 $160 NPV Should the project be accepted or rejected? O accepted O rejected