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.)

Should the project be accepted or rejected?

• 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 : 1 $790 2 $810 3 $740 -$2,100 $520 5 $320 Payback years Should the project be accepted or rejected? accepted rejected