Question: Compute the payback statistic for Project A if the appropriate cost of capital is 9 percent and the maximum allowable payback period is four

Compute the payback statistic for Project A if the appropriate cost of capital is 9 percent and the maximum allowable payback period is four years. Note: Round your answer to 2 decimal places. Project A Time: 0 1 2 3 4 5 Cash flow: -$1,200 $430 $540 $560 $340 $140 Payback :years Should the project be accepted or rejected? Accepted

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