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

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 -$2,400 1 $910 2 $900 3 $800 4 $580 5 $380 Payback years Should the project be accepted or rejected? O accepted O rejected

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