Question: Compute the payback statistic for Project B if the appropriate cost of capital is 12 percent and the maximum allowable payback period is three years.

Compute the payback statistic for Project B if the appropriate cost of capital is 12 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "0" (zero).) Project B Time: 0 4 1 $3,500 2 3 $4,480 $1,820 5 $1,300 Cash flow: -$12,500 $0 Payback years Should the project be accepted or rejected? accepted rejected
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