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Compute the NPV for Project M if the appropriate cost of capital is 9 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: 0 1 2 3 4 5 Cash flow –$3,500 $750 $880 $920 $1,000 $500 NPV $ Should the project be accepted or rejected? Rejected Accepted.

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