Question: 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.

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).) Project B Time: Cash flow: $11,200 1 $3,370 2 3 $4,220 $1,560 4 $0 5 $1,040 8 01:49:03 Payback years Should the project be accepted or rejected? accepted rejected
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