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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