Question: value: 8.34 points Problem 13-1 NPV with Normal Cash Flows (LG13-3) Compute the NPV for Project M if the appropriate cost of capital is 8

 value: 8.34 points Problem 13-1 NPV with Normal Cash Flows (LG13-3)

value: 8.34 points Problem 13-1 NPV with Normal Cash Flows (LG13-3) 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. Round your final answer to 2 decimal places.) Project M Time Cash flow2,200 $590 $720 $760 $840 $340 NPV Should the project be accepted or rejected? Accepted Rejected Hints References eBook & Resources Hint#1

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