BUSINESS 602-Compute the NPV for Project M if the appropriate

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:012345 Cash flow–$2 900$650$780$820$900$400 NPV$ Should the project be accepted or rejected?RejectedAccepted