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: 0 1 2 3 4 5 Cash flow: $2,300 $870 $870 $780 $560 $360 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 7 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A Time: Cash flow : 0 -$2,300 1 $870 2 $870 3 $780 4 $560 5 $360 Payback years Should the project be accepted or rejected? accepted rejected