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 years.
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. (Round your answer to 2 decimal places.)
Project A Time: Cash flow: 0 $2,100 1 $790 23 $810 $740 4 $520 5 $320 Payback years
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