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PI for a single project Compute the PI statistic for Project Z for and advise the firm whether to accept or reject the project with

PI for a single project Compute the PI statistic for Project Z for and advise the firm whether to accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 8 percent.

Project Z

Time

0

1

2

3

4

5

Cash Flow

-$1,000

$350

$480

$650

$300

$100

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