Compute the PI statistic for Project Z if the appropriate cost of capital is 6 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:	$2,100	$570	$700	$870	$520	$320

Should the project be accepted or rejected?

multiple choice

• rejected

• accepted