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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 | $1,300 | $410 | $540 | $710 | $360 | $160 |
| PI |
| Should the project be accepted or rejected? | ||||
|
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