Question: Compute the PI statistic for Project X and note whether the firm should accept or reject the project with the cash flows shown as follows

Compute the PI statistic for Project X and note whether the firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 10 percent.

A. -0.0977 percent, reject B. -9.77 percent, reject C. -24.41 percent, reject D. 24.41 percent, accept

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