Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "0" (zero).) Project B Time: Cash flow: Payback 0 -$11,800 O accepted rejected 1 $3,430 0 years 2 4 $4,340 $1,680 $0 Should the project be accepted or rejected? 5 $1,160

Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback period is three years. (if the project never pays back, then enter a "O" (zero).) Should the project be accepted or rejected? accepted rejected