Compute the pi statistic for project q if the appropriate

Question

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 – $12,800      $4,250       $5,080      $4,970       $3,050

Should the project be accepted or rejected? Accepted Rejected