Question: Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years.

Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A Time: Cash flow: 1 $510 -$1,400 3 $600 $600 4 $380 5 $180 Payback years Should the project be accepted or rejected? accepted rejected
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