Question

Compute the PI statistic for Project Q if the appropriate cost of capital is 11 percent....

Compute the PI statistic for Project Q if the appropriate cost of capital is 11 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 –$12,300 $4,000 $4,830 $2,170 $2,800

  

  PI   

  

Should the project be accepted or rejected?
Accepted
Rejected

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