Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. Project B Time: 0 1 2 3 Cash flow: -$ 12,000 $3,450 $4,380 $ 1,720 4 $0 Should the project be accepted or rejected? Note: If the project never pays back, then enter a "0" (zero). Payback Should the project be accepted or rejected? 5 $ 1,200 years

Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period Is three years. Project B Should the project be accepted or rejected? Note: If the project never pays back, then enter a "on (zero)