Question: 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

Compute the NPV for Project M if the appropriate cost of

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: $1,600 1 $470 2 $600 3 $640 4 $720 5 $220 Answer is complete but not entirely correct. NPV $ 372.41 Should the project be accepted or rejected? accented

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