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. (Round your answer to 2 decimal places.) Project Time: Cash flow : 0 -$1,700 1 $630 2 $690 3 $660 4 $440 5 $240 Payback years Should the project be accepted or rejected? accepted O rejected

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