6. Compute the PI statistic for Project Z if the appropriate cost of capital is 6 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Z Time: 0 1 2 3 4 5 Cash flow: $2,400 $630 $760 $930 $580 $380 Should the project be accepted or rejected? accepted rejected

7.Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Y Time: 0 1 2 3 4 Cash flow: $8,700 $3,490 $4,320 $1,660 $440 Should the project be accepted or rejected? accepted rejected