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Compute the Pl statistic for Project Z if the appropriate cost of capital is 6 percent. Project Z Time: Cash flow: 0 1 2

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Compute the Pl statistic for Project Z if the appropriate cost of capital is 6 percent. Project Z Time: Cash flow: 0 1 2 3 4 5 -$ 3,400 $ 750 $ 880 $ 1,050 $ 700 $ 500 Should the project be accepted or rejected? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Answer is complete but not entirely correct. Pl Should the project be accepted or rejected? 0.86 X Rejected

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