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Compute the PI statistic for Project Z if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations and round your final

Compute the PI statistic for Project Z if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Z Time: 0 1 2 3 4 5 Cash flow $1,300 $410 $540 $710 $360 $160

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