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 of capital is 7 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A Time: Cash flow:$2,000 $750 $78 $7 4 $300 Payback 2.60 years Should the project be accepted or rejected? accepted rejected
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