Compute the Pl statistic for Project Q if the appropriate cost of capital is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Q Time: Cash flow: PI 0 1 -$12,300 $4,000 O rejected O accepted 2 $4,830 Should the project be accepted or rejected? 3 $2,170 4 $2,800

Compute the PI statistic for Project Q if the appropriate cost of capital is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Pi Should the project be accepted or rejected? rejected accepted