4 Compute the Pl statistic for Project Q if the appropriate cost of capital is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Q Time: Cash flow: PI 0 1 2 -$12,000 $3,850 $4,680 Should the project be accepted or rejected? E O accepted O rejected 3 $2,020 4 $2,650

Compute the PI statistic for Project Q if the appropriate cost of capital is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Should the project be accepted or rejected? accepted rejected