Question: Compute the NPV statistic for Project K if the appropriate cost of capital is 7 percent. Note: Negative amount should be indicated by a minus

Compute the NPV statistic for Project K if the appropriate cost of capital is 7 percent. Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places. Project K Time: 0 1 2 3 4 5 Cash flow: $11,300 $5,650 $6,650 $6,650 $5,650 $11,300

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