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: 0 1 2 3 4 5 Cash flow: $1,200 $430 $540 $560 $340 $140 Should the project be accepted or rejected? multiple choice accepted rejected

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 -$1,200 1 $430 2 $540 3 $560 $340 5 $140 Payback years Should the project be accepted or rejected? O accepted O rejected