Question: Compute the PI statistic for Project Z if the appropriate cost of capital is 6 percent. (Do not round intermediate calculations and round your final
| Compute the PI statistic for Project Z if the appropriate cost of capital is 6 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places. Include a minus sign for negative answers.) |
| Project Z | ||||||
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flow | $2,100 | $570 | $700 | $870 | $520 | $320 |
| PI | % |
| Should the project be accepted or rejected? | ||||
|
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