Problem $13-7$ PI $($LG$13-6)$

Compute the PI statistic for Project Z if the appropriate cost of capital is $7$ percent.

Project Z

$\backslash$table$[[$Time:$,0,1,2,3,4,5,],[$Cash flow:,$-$$$1,400,$$$430,$$$560,$$$730,$$$380,$$$130,]]$

Should the project be accepted or rejected?

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places.

$\backslash$table$[[$PI$],[$Should the project be accepted or rejected?$]]$