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 $9$ percent.

Time: $012345$

Cash flow: $-76-7601118661$

Multiple Choice

$53\mathrm{.}37$ percent, accept

$40\mathrm{.}56$ percent, reject

$39\mathrm{.}60$ percent, reject

$9\mathrm{.}00$ percent, accept