Question: Based on the cash flows given below, calculate the PI of a project that has a required rate of return of 12 percent. Also, indicate
Based on the cash flows given below, calculate the PI of a project that has a required rate of return of 12 percent. Also, indicate whether the project should be accepted. (Round answer to 2 decimal places, e.g. 25.25.)
| Year 0: | -$83,000 | ||
| Year 1: | $22,000 | ||
| Year 2: | $38,000 | ||
| Year 3: | -$14,000 | ||
| Year 4: | $110,000 |
| PI | |||
| Accept project | Yes or No |
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