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 of capital is 9 percent and the maximum allowable payback period is four years.

Year:

0: $-1500

1: $550

2: $630

3: $620

4: $400

5: $200

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