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

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: Cash flow: 0 1 -$1,000 $350 2 $480 3 $650 4 5 $300 $100 PI Should the project be accepted or rejected? O accepted O rejected

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