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: Cash flow: Payback 0 -$11,000 1 $3,350 years 2 $4,180 3 4 $1,520 $0 5 $1,000

Compute the payback statistic for Project 8 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).)