Question: Compute the PI statistic for Project Z if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations and round your final

Compute the PI statistic for Project Z if the appropriate cost

Compute the PI statistic for Project Z if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project z Time: Cash flow: 0 -$1,600 1 $ 470 2 $600 3 $770 4 $420 5 $ 220 PI

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