Question: Compute the PI statistic for Project Z if the appropriate cost of capital is 7 percent. Project Z Time: 0 1 2 3 4 5

Compute the PI statistic for Project Z if the appropriate cost of capital is 7 percent. Project Z Time: 0 1 2 3 4 5 Cash flow: -$1,400 $430 $560 $730 $380 $180 Should the project be accepted or rejected? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. PI Should the project be accepted or rejected

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