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:	$3,300	$730	$860	$1,030	$680	$480

Should the project be accepted or rejected?

multiple choice

• accepted

• rejected