Compute the PI statistic for Project Z if the appropriate cost of capital is 6 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Project Z
Time:	0	1	2	3	4	5
Cash flow:	$2,500	$650	$780	$950	$600	$400

1.) PI is ________.

2.) Should the project be accepted or rejected?