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? | ||||
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