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

answers to choose from:

• 60.45, accept

• 6.00, reject

• 34.64, accept

• 1.44, accept