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Compute the pi statistic for project z

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Reference no: EM132383020

Compute the PI 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:0 1 2 3 4 5

Cash flow:-$2,300 $610 $740 $910 $56 0$360

What is the PI? 

Should the project be accepted or rejected?

Reference no: EM132383020

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