Problem 13-14 PI (LG13-6)

Compute the PI statistic for Project Q if the appropriate cost of capital is 12 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project Q
Time:	0	1	2	3	4
Cash flow	$11,300	$3,500	$4,330	$1,670	$2,300

PI

Should the project be accepted or rejected?

	Rejected
	Accepted