Question: Problem 13-2 NPV with Normal Cash Flows (LG13-3) Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. (Negative

Problem 13-2 NPV with Normal Cash Flows (LG13-3)

Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Project Y Time: 0 1 2 3 4 Cash flow $8,700 $3,490 $4,320 $1,660 $440

NPV $

Should the project be accepted or rejected?

Accepted Rejected

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