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. Time O 1 2 3 4 5 Cash flow -250 75 0 100 75 50 0 2.41, accept O 0.023, reject O 0.90, reject 1.97, accept
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