Question: Compute the Pl statistic for Project Z if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations and round your final

Compute the Pl 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: 1 2 3 Cash flow: -$1,600 $470 $600 $770 $420 $220 PL Should the project be accepted or rejected? O rejected accepted

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