Question: Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback perioc is three years.

Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback perioc is three years. Note: If the project never pays back, then enter a "O" (zero). Project B Time: Cash flow: $12,300$3,480$4,440$1,780$0$1,260 Should the project be accepted or rejected? accepted rejected
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