Compute the PI statistic for Project X and note whether the firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 10 percent.

Time:	0	1	2	3	4	5
Cash flow:	250	75	0	100	75	50

Multiple Choice

• 24.41 percent, reject

• 9.77 percent, reject

• 24.41 percent, accept

• 0.0977 percent, reject