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 6 percent.

Time:	0	1	2	3	4	5
Cash flow:	-79	-79	0	104	79	54

rev: 11_25_2016_QC_CS-70617

60.45%, accept

34.64%, accept

1.44%, accept

6.00%, reject