(Answered) Compute the npv for project k if the appropriate cost of

Finance

Compute the NPV for Project K if the appropriate cost of capital is 7 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Project K Time:012345 Cash flow-$11,000$5,500$6,500$6,500$5,500-$11,000

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