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Compute the Pl statistic for Project Z if the appropriate cost of capital is 8 percent (Do not round intermediate celculations and round your final

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Compute the Pl statistic for Project Z if the appropriate cost of capital is 8 percent (Do not round intermediate celculations and round your final answer to 2 decimal places.) Project z Time: Cash flow:-$1,600 $470 $600 $770 $420 $220 0 Pl Should the project be accepted or rejected? O accepted O rejected

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