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 of capital is 8 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project Z
Time: 0 1 2 3 4 5
Cash flow: $1,600 $470 $600 $770 $420 $220

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