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 percent.
Time: 012345
Cash flow: -76-7601118661
Multiple Choice
53.37 percent, accept
40.56 percent, reject
39.60 percent, reject
9.00 percent, accept

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