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Compute the PI statistic for project Z if the appropriate cost of capital is 7 percent. (Do not round intermediate calculations and round your final

Compute the PI statistic for project Z if the appropriate cost of capital is 7 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Time: 0 1. 2. 3. 4. 5.

Cash flow: $-2,000 $550. $680. $850 $500 $300

Should the project be accepted or rejected?

Accepted

rejected

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