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Problem 13-1 NPV with Normal Cash Flows (LG13-3) Compute the NPV for Project M if...

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Problem 13-1 NPV with Normal Cash Flows (LG13-3) Compute the NPV for Project M if the appropriate cost of capital is 7 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: 1 5 Cash flow : -$2,300 $610 $740 $780 $860 $360 2 3 NPV Should the project be accepted or rejected? accepted rejected

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