Question: Compute the PI statistic for Project Q and indicate whether you would accept or reject the project with the cash flows shown below if the

Compute the PI statistic for Project Q and indicate whether you would accept or reject the project with the cash flows shown below if the appropriate cost of capital is 12 percent.

Project Q

Time: 0 1 2 3 4

Cash flow -$11,000 $3,350 $4,180 $1,520 $2,000

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