Problem 13-13 PI (LG13-6) Compute the PI statistic for Project Z if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project z Time: 0 1 Cash flow: -$1,600 $470 2 $600 3 $770 4 $420 5 $220 PI Should the project be accepted or rejected? accepted rejected