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:	$2,900	$650	$780	$820	$900	$400

NPV:

Should the project be accepted or rejected?

• rejected

• accepted