Question: Problem 13-13 PI (LG13-6) Compute the PI statistic for Project Z if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations

Problem 13-13 PI (LG13-6) Compute the PI statistic for Project Z

Problem 13-13 PI (LG13-6) Compute the PI 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: 2 $600 1 4 5 -$1,600 $470 $770 $420 $220 PI Should the project be accepted or rejected? accepted Orejected

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