Compute the statistic for Project Z if the appropriate cost of capital is $8$ percent $.$ Project Z $24$ Time : Cash flow : $3$ $ $7705$ $ $220-1,600$ $ $470$ $ $600$ $ $420$ Should the project be accepted or rejected $?$ Note : Do not round intermediate calculations and round your final answer to $2$ decimal places $.$ Should the project be accepted or rejected $?$

$20$

Compute the PI statistic for Project Z if the appropriate cost of capital is $8$ percent.

Project Z

$\backslash$table$[[$Time:$,0,1,2,3,4,5],[$Cash flow:,$-$$$1,600,$$$470,$$$600,$$$770,$$$420,$$$220$