Question: 3-6 Payback Compute the payback statistic for Project A and recommend whether the firm should accept or reject the project with the cash flows shown

3-6 Payback Compute the payback statistic for Project A and recommend whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 8 percent and the maximum allowable payback is four years. ( LG132 )
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