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Compute the PI statistic for Project X with the cash flows shown below if the appropriate cost of capital is 10 percent. Time 0 1

Compute the PI statistic for Project X with the cash flows shown below if the appropriate cost of capital is 10 percent.

Time 0 1 2 3 4

Cash Flow -$10,000 $3,500 $2,000 -$5,148 $6,000

A. 1.11

B. 0.42

C. 1.19

D. 1.25

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