Question: Compute the payback statistic for Project A if the appropriate cost of capital is 7 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 7 percent and the maximum allowable payback period is four years. Note: Round your answer to 2 decimal places. Project A Answer is complete but not entirely correct. \begin{tabular}{|l|r} \hline Payback & 2.35 \\ \hline \end{tabular} Should the project be accepted or rejected

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