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

Compute the PI statistic for Project Zif the appropriate cost of capital is 7 percent. (Do not round intermediate calculations and round your finalanswer to 2 decimal places.)

Project ZTime:0 1 2 3 4 5

Cash flow:-$2,300 $610 $740 $910 $56 0$360

What is the PI?

Should the project be accepted or rejected?

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