Compute the NPV statistic for Project Y and tell [advise] whether the firm should accept or reject the project with the cash flows shown in the chart if the appropriate cost of capital is 10 percent.

Project Y

Time 0 1 2 3 4

Cashflow -$6,000 $3,350 $4,180 $1,520 $300

If the discounted payback period were computed, identify if it would be less than, equal to, or greater than the non-discounted payback period.