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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: $2,200 $590 $720 $890 $540 $340 Should the project be accepted or rejected? multiple choice accepted rejected

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