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 11 percent.

Time:	0	1	2	3	4	5
Cash flow:	-83	-83	0	108	83	58

rev: 11_25_2016_QC_CS-70617

Multiple Choice

• 25.71, accept

• 9.27, reject

• 11.00, reject

• 1.11, accept