Question: Compute the PI statistic for Project X and note whether the firm should accept or reject the project with the cash flows shown below if
Compute the PI statistic for Project X and note whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 9%.
Time: 0 1 2 3 4 5
Cash Flow: -76 -76 0 111 86 61
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