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Compute the Pl statistic for Project Z if the appropriate cost of capital is 7 percent. (Do not round intermediate calculations and round your final

Compute the Pl statistic for Project Z if the appropriate cost of capital is 7 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Z Time: Cash flow: 3 5 0 -$1,700 1 $490 2 $620 4 $440 $790 $240 PI Should the project be accepted or rejected? O rejected O accepted

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