Question: Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years.
Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A Time: Cash flow: 1 $350 2 $480 3 $520 4 $300 5 $100 -$1,000 Payback years Should the project be accepted or rejected? O accepted O rejected
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