Compute the PI statistic for Project X and note whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 8 percent.

Time: 0, 1, 2, 3, 4, 5

Cash Flow: -82, -82, 0, 117, 92, 67

Time:	0	1	2	3	4	5
Cash flow:	-82	-82	0	117	92	67

Multiple Choice

• 48.17 percent, reject

• 8.00 percent, accept

• 58.74 percent, accept

• 47.21 percent, reject

All information is given in the question.