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

Compute the PI statistic for Project Zif the appropriate cost of capital is 8 percent.(Do not round intermediate calculations and round your finalanswer to 2 decimal places.)

Project Z

Time: 0 1 2 3 4 5

Cash flow: -$2,200 $590 $720 $890 $540 $340

Should the project be accepted or rejected?

multiple choice

rejected
accepted

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