Question: Compute the PI statistic for Project Z if the appropriate cost of capital is 6 percent. Project Z Time: 0 1 2 3 4 5

Compute the PI statistic for Project Z if the appropriate cost of capital is 6 percent.
Project Z
Time: 012345
Cash flow: $ 3,300 $ 730 $ 860 $ 1,030 $ 680 $ 480
Should the project be accepted or rejected?
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.

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