Question: Compute the PI statistic for Project X with the cash flows shown below if the appropriate cost of capital is 10 percent. Time 0 1

Compute the PI statistic for Project X with the cash flows shown below if the appropriate cost of capital is 10 percent.

Time 0 1 2 3 4 5
Cash Flow -$1,000 $300 $2,000 -$1,148 $300 -$100

A: 1.21

B: 1.18

C: 1.15

D: 1.08

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