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Compute the PI statistic for Project Zif the appropriate cost of capital is 7 percent. (Do not round intermediate calculations. Round your final answer to

Compute the PI statistic for Project Zif the appropriate cost of capital is 7 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: -$1,700 $490 $620 $790 $440 $240

PI=??

Should the project be accepted or rejected?

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