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. Note: Round your answer to 2 decimal places. Project A Time: 0 1 2 3 4 5 Cash flow: $2,500 $950 $930 $820 $600 $400 Should the project be accepted or rejected? (Click to select)

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