Question: Compute the PI statistic for Project Z if the appropriate cost of capital is 7 percent. (Do not round intermediate calculations. Round your final answer

Compute the PI statistic for Project Z if the appropriate cost of capital is 7 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Project Z Time: 0 1 2 3 4 5 Cash flow $1,100 $370 $500 $670 $320 $120 PI Should the project be accepted or rejected? Accepted Rejected

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